November 21, 2018

Tesla’s Chief Accounting Officer Nopes on Up Outta There After Just a Month on the Job

Elon Musk smoking a blunt

Tesla is having a tough time hanging onto a chief accounting officer, you guys.

Dave Morton joined the company in early August after a stint as CFO of Seagate Technology. The day after Morton joined Tesla, CEO Elon Musk tweeted that he was thinking about taking the company private and buying out investors at $420 a share, which definitely wasn’t a reference to weed because Elon Musk is a grown-ass man and not a greasy-haired burner at the skate park, right?

He claims he based the number on math, not stoner lore. “It seemed like better karma at $420 than at $419,” he said in an interview with the New York Times following the controversial tweet. “But I was not on weed, to be clear. Weed is not helpful for productivity. There’s a reason for the word ‘stoned.’ You just sit there like a stone on weed.”

A little more than a week after the tweet, the SEC issued a subpoena into this whole privatization thing.

Just to keep things interesting, Musk appeared on Joe Rogan’s podcast last night and got blazed on a big fat blunt.

Surely, none of this has anything to do with the chief accounting officer noping on outta there after barely a month of service.

“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,” Morton said in a Tesla SEC filing, which indicated he resigned on Sept. 4. “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.”

Man, talent shortages are real y’all.

Related articles

Grant Thornton to Close Greensboro, NC Office

We’ve received multiple tips informing us that Grant Thornton’s Greensboro, North Carolina office will be closing in the spring after busy season has ended.

Greensboro has approximately 35 professionals in all three service lines although our sources indicate that many tax professionals were laid off late last year in anticipation of the closure. Greensboro currently functions as a satellite of the Charlotte office which houses the support professionals.

What’s not known at this time is whether the office will become virtual, similar to the setup that Ernst & Young arranged for its Greensboro office other whether it will be an outright closure.

We contacted Grant Thornton for comment and had not heard back from them at the time of this posting.

If you’re familiar with the situation in Greensboro and have more information, get in touch with us. We’ll continue to keep you updated as we learn more.

Dita von Teese’s Accountant Understands Why She Has to Spend $70k on a Dress

Last month we mentioned that while we enjoy her genius, we wouldn’t want to be of Lady Gaga’s accountant. She definitely falls into the “clients that make you want to jump out the window” bucket.

Likewise, if we had our choice of clients, we wouldn’t be chasing down burlesque artists that marry rock stars, in this case, Dita von Teese. Not because we don’t enjoy burlesque artists and the rock stars they love, quite the contrary actually; it’s just seems that the headaches associated with such a client would be more trouble than it would be worth.


Surprisingly, DVT takes money quite seriously and is not as slipshod as you might expect.

I refuse to go to the hair salon and have a $300 hair dye job – I do it myself at home with an $8 dye kit… I’ve always been a saver…I saved at least 15[%] of everything I earned and invested it in mutual funds

Jesus, talk about sensible. However there is this glimmer:

I think nothing of spending $8,000 on a corset for my show. My accountant once said he couldn’t understand how I spent $70,000 on a single dress but then he came to my show and saw how lavish it was and told me afterwards that now he understood.

Those are work related expenses though; count us unimpressed. We’re expecting Gaga-esque negligent wasting of money. Like seriously getting carried away.

I bought [a Jaguar] one night on eBay for $35,000 when I’d had too much champagne.

Yes. That’s the best she can offer. Plus, there’s this:

I pay my [credit card] balances off every month.”

More sensible behavior. Doesn’t sound like she’d be that bad of a client at all. Hell, she probably even keeps all her receipts. L. Gaga’s accountant might consider asking her for some advice.

Dita von Teese: ‘I spent $70,000 on a single dress for my show’ [Telegraph]