Elon Musk took advantage of April Fool’s day to engage in a bit of wit and deception and declare via twitter that Tesla (Nasdaq:TSLA), the indebted electric car company he founded, has gone “completely and totally bankrupt”.
The tweet, which was sent on the afternoon of April 1st with the headline “Tesla Goes Bankrupt Palo Alto, California” said the following: “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.”
Musk later posted a picture on himself via twitter, with his head against a Tesla Model 3 vehicle and a sign in front of him saying: "Bankwupt!"
His comments make light of the problems at Tesla, which is heavily in debt and has yet to turn a profit since its launch in 2003.
In mid-day trading, shares in Tesla were down 4.39% at US$254.45, driven lower again by the news that Federal investigators are investigating the fatal crash near Mountain View, California on March 23rd of a Tesla Model X sport-utility vehicle.
The car was on autopilot and its driver was killed when it hit a barrier and later collided with two other vehicles before setting on fire, according to US news reports. The National Transportation Safety Board has been called in to investigate the accident.
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