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Morton, who is walking away from a $350,000 base salary and a $10 million new-hire stock grant that would vest over four years, said he believed “strongly” in Tesla and that he had no disagreements with the company’s leadership or its financial reporting. Analysts on Friday reiterated their call for Tesla to bring in another senior leader. “We have been calling for a co-CEO or COO to assist to codifying the leadership structure and in so doing, the culture at Tesla,” said James Albertine, analyst at brokerage Consumer Edge, speaking before the promotions were announced.

“We think this is further evidence that the time is now for management and the board to address these issues.”, Tesla’s $1.8 billion junk bond maturing in August 2025 plunged as much as 4 cents on the dollar to below 82 cents, a record low, in Friday trading, pushing the yield above 8.8 percent, Coupled with an upfront cost of 21 percent of insured value, it now costs an investor around $280,000 to insure $1 million of Tesla debt for a year, With Tesla’s stock falling to its lowest level since April, short sellers added 810,000 shares to their positions, bringing the total as of Thursday to about 32.6 million shares, according to S3 Partners, a financial technology and analytics ribbed v cufflinks firm..

Tesla has told investors it expects to turn a profit in the second half of this year, a forecast the company’s head of investor relations, Martin Viecha, reiterated at a conference earlier this week sponsored by RBC Capital Markets, RBC analyst Joseph Spak wrote in a note on Thursday. Viecha also restated Tesla’s forecast that it will build 50,000 to 55,000 of its Model 3 sedans in the current quarter, and indicated the company’s working capital will improve as production increases, Spak wrote.

(This version of the Sep, 7 story corrects to Fox Business Network, from Fox Business News, in paragraph 4), WASHINGTON (Reuters) - Media reports that the U.S, Air Force is reviewing the security clearance of Elon Musk, the chief executive of automaker Tesla Inc are inaccurate, U.S, Air Force spokesperson Captain Hope Cronin said on Friday, Musk has security clearance because another of his companies, SpaceX, provides satellite launch services to the U.S, government, Fox Business Network and CNBC reported that the Air Force was looking into Musk’s marijuana smoking and his security clearance after Musk was filmed smoking pot, drinking whiskey and wielding a sword on a live web show ribbed v cufflinks with comedian Joe Rogan..

Fox Business Network reporter Charles Gasparino tweeted, “After inquiries by @FoxBusiness i am told that the @usairforce has begun to look into @elonmusk’s pot-smoking during @joerogan interview. at issue: @SpaceX is a government contractor and marijuana use is prohibited for people w govt security clearance — stay tuned”. Tesla later on Friday said its accounting chief would leave after a one-month stint, the latest in a string of unusual behavior and executive departures that have stunned investors.

NEW YORK (Reuters) - CBS Corp (CBS.N) has reached deals to settle litigation over the future of the company with its controlling shareholder Shari Redstone and National Amusements Inc and an exit agreement with CEO Leslie Moonves, two sources familiar with the discussions said on Sunday, The settlement and Moonves’ resignation could be announced as early as before the markets open on Monday, according to these sources who asked not to be identified because the plans have not been made public, The ribbed v cufflinks timing of the announcements could still change as the settlements are reviewed..

The latest developments end years of uncertainty over the future of CBS, which was headed to court with National Amusements on Oct. 3. Joe Ianniello, CBS chief operating officer, is expected to be named interim CEO and the board will launch a search, the sources said. National Amusements has also agreed to not raise the possibility of a merger between CBS and Viacom Inc (VIAB.O) for about two years, which it had all but abandoned before CBS sued its shareholder in the spring, two sources said. CBS and National Amusements declined to comment.

Moonves could end up with nothing, As part of the settlement, CBS will donate a portion to an unnamed charity and reserved the right to claw back the rest of a severance package depending on the results of investigations into allegations of sexual assault and harassment, sources familiar with these discussions said, The value of the total package was estimated at $100 million, according to reports last week, Two outside law firms are conducting the investigation, The settlement comes on the heels of a second report from the New Yorker published on Sunday in which six additional women have raised assault and harassment claims against Moonves, ribbed v cufflinks An earlier New Yorker report revealed six women who alleged similar behavior by Moonves between the 1980s and early 2000s..



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