On Sunday, April 1, in what many would call bad taste, Elon Musk tweeted an April Fool’s joke, as Tesla’s stock plummets and light is shed on the recent Model X driver’s death that came while using the company’s “Autopilot” feature.
Late on Sunday, Tesla’s co-founder, CEO, and product architect Musk tweeted, “Despite intense efforts to raise money, including a last-ditch mass sale of Easter Eggs, we are sad to report that Tesla has gone completely and totally bankrupt. So bankrupt, you can’t believe it.”
This tweet was soon followed by Musk posting, “There are many chapters of bankruptcy and, as critics so rightly pointed out, Tesla has them *all*, including Chapter 14 and a half (the worst one”
The joke ended finally in even worse taste, with a photo of Musk “passed out against a Tesla Model 3, surrounded by ‘Teslaquilla’ bottles, the tracks of dried tears still visible on his cheeks.” He was holding a cardboard sign with “Bankwupt” written on it.
Above the charming photo, Musk tweeted, “This is not a forward-looking statement, because, obviously, what’s the point? Happy New Month!”
It is understandable that Musk would be happy that March 2018 was finally over. During last month was Tesla’s worst performance in over seven years with shares dropping 22 percent. According to The Post, “Last week, Moody’s cut its rating on Tesla bonds further into junk status, sending them to all-time lows as it voiced worries about hiccups in the launch of the mass-market Model 3. That was after a California Model X driver was killed in a fiery highway crash a week earlier, sparking an investigation by the National Transportation Safety Board. Over the weekend, Tesla revealed that the driver had been using Tesla’s autopilot software feature at the time, raising more questions about the safety of the company’s self-driving technology. Tesla’s revelation also sparked a rebuke from the NTSB, which said it was ‘unhappy’ that Tesla had published the information while the agency was investigating.”
As of Monday, April 2, Tesla shares were at $254 , which was down 4.4 percent.
By Hannah Hayes