Shares of Tesla opened lower as a few executive departures added to the sense of turmoil surrounding the electric carmaker. AFP / GETTY IMAGES NORTH AMERICA / JOE RAEDLE
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The turmoil at Tesla Inc. reached a fever pitch Friday as news emerged that two senior executives would leave Elon Musk's electric-car maker a matter of hours after he smoked marijuana during an hourslong interview with a comedian.Morton, a former CFO for Seagate Technology Plc, joined Tesla one day before Musk tweeted that he was considering buying out some investors at $420 a share and taking the company private. Tesla has long struggled with high turnover among its senior executive ranks, and its finance team has gone through significant tumult lately.Morton walked away from a $10 million new-hire equity grant that would have vested over four years.
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