Is it the worst- or best-timed April Fool's joke?
Mid-afternoon Sunday, Elon Musk took to Twitter—as he has a tendency of doing—to hype an announcement later in the day. "Important news in a few hours," he said in the first tweet. He then made his fans wait over three hours until he finally gave them his follow-up announcement, provided in as close as one can get to press-release format on Twitter. Tesla Goes Bankrupt, Palo Alto, California, April 1, 2018"
It continued: "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." In the second tweet, Elon stated, "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)." As a final post, Elon is shown holding a cardboard sign with "Bankwupt!" written on it, accompanied by the text, "Elon was found passed out against a Tesla Model 3, surrounded by 'Teslaquilla' bottles, the tracks of dried tears still visible on his cheeks. This is not a forward-looking statement, because, obviously, what's the point? Happy New Month!"
While Elon has been known to have fun from time to time, especially when it comes to putting those aforementioned Easter Eggs in the infotainment systems of his brand's models, the bankruptcy joke couldn't have come at a worse time. Tesla shares have fallen 22 percent in March, reported Automotive News. Moody's, which stated Tesla will likely need to raise $2 billion to keep Model 3 production moving, recently downgraded Tesla's credit rating further into junk status.