{UAH} Ocen, WBK//Tesla CEO, Elon Musk, reigns as company chairman

Folsk

News is coming out of Palo Alto, CA, that Tesla founding chairman and CEO, Elon Musk has resigned for the board of directors.

Musk's resignation is part of a deal with the Security & Exchange Commission, as punishment for a stupid dare he had made about the company a few weeks ago. Musk had tweeted that he planned to take the company private, with a stock valuation of $420 a share.

The SEC says Musk used the $420 price tag to impress his girlfriend, and as his nod to Section 420 of the California penal code that concerns marijuana offenses!

Folks, this young South African is as reckless as he's a genius. A proud user of marijuana, Musk recently allowed himself to be photographed while smoking the stuff.

His resignation should stop the free fall of Tesla stock, which dropped about 20% in the last two days of trading this week.

Pojim