Tesla is once again under fire. A combination of weed and the Chief Account Officer Dave Morton resigning is taking the stock lower in pre market. Reasons for Morton leaving in his own words:

“Since I joined Tesla on August 6th, the level of public attention placed on the company, as well as the pace within the company, have exceeded my expectations.”

“This caused me to reconsider my future. I want to be clear that I believe strongly in Tesla, its mission, and its future prospects, and I have no disagreements with Tesla’s leadership or its financial reporting.”

The stock is currently down to the 265 level in pre market. Next significant support level is at 250 should the stock break down lower.

Sentiment is becoming so bearish maybe the stock soon starts reversing up? One thing is sure, Tesla is such a frustrating stock to trade.

As we finish writing this note, latest news is out (again);

“Tesla HR Chief She is Not returning from leave”

Source: Bloomberg