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Elon Musk sends April Fools' tweets joking of Tesla bankruptcy

Craig Trudell

Bloomberg

Los Angeles, United States | Mon, April 2, 2018 | 01:05 pm
Elon Musk sends April Fools' tweets joking of Tesla bankruptcy

Elon Musk, CEO of SpaceX and Tesla, on July 19, 2017 in Washington, DC. He recently joked about his electric-car maker going bankrupt. (AFP/Brendan Smialowski )

After the worst month for Tesla Inc. shares in more than seven years, punctuated by company blog posts about the death of a Model X driver, Elon Musk is joking about his electric-car maker going bankrupt.

“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,” the chief executive officer wrote in an April Fools’ Day tweet on Sunday. Another post included a photo of Musk and a message that he “was found passed out against a Tesla Model 3, surrounded by ‘Teslaquilla’ bottles, the tracks of dried tears still visible on his cheeks.”

Read also: Tesla recalls 123,000 cars for power steering fix

Tesla’s stock fell by 22 percent in March, the steepest monthly drop since December 2010, the year the company went public. Moody’s Investors Service last week to cut Tesla’s credit rating further into junk status and said the company may soon have to raise more than $2 billion, sending its bonds to all-time lows.

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