Elon Musk Makes Light Of Teslas Woes In April 1 Twitter Prank

Carmaker has lost about a quarter of its share value since the end of February due to production woes, heavy debt and another Tesla vehicle catching fire
Elon Musk’s April Fool’s Day joke ended up wiping 22% off the value of Tesla.
Washington:Elon Musk, the flamboyant boss of Tesla and SpaceX, took to Twitter on April Fool’s day to joke the electric car-maker, which has been rocked by bad news, was 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. So bankrupt, you can’t believe it,” he wrote.
He later posted a picture of himself pretending to be passed out with his head on a Tesla Model 3 while holding a sign that read “Bankwupt!”
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! pic.twitter.com/YcouvFz6Y1— Elon Musk (@elonmusk) April 1, 2018
The prank came amid reports of significant risks ahead for the manufacturer, which is heavily indebted and has not turned a profit since it began operating in 2003.
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).— Elon Musk (@elonmusk) April 1, 2018
It has lost about a quarter of its share value since the end of February, and is also currently under investigation by the US National Transportation Safety Board (NTSB) following a fatal accident involving one of its cars in California on March 23rd.
Tesla Goes Bankrupt
Palo Alto, California, April 1, 2018 -- 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.— Elon Musk (@elonmusk) April 1, 2018
Tesla confirmed on Saturday its “Autopilot” feature was engaged during the accident but said the driver ignored repeated visual and audio warnings and his hands were not detected on the wheel for six seconds prior to the vehicle’s collision with a highway barrier.
Tesla catches fire
The car caught fire before two other cars struck it.
The driver was identified by The Mercury News as a 38-year-old man, Wei Huang, an engineer for Apple. He later died in hospital.
According to reports in the US media, the NTSB was unhappy that Tesla had released information before a final investigation was completed.
A spokesman told The Washington Post: “At this time the NTSB needs the assistance of Tesla to decode the data the vehicle recorded.
“In each of our investigations involving a Tesla vehicle, Tesla has been extremely cooperative on assisting with the vehicle data. However, the NTSB is unhappy with the release of investigative information by Tesla.”
The NTSB previously investigated a crash involving an autopilot-equipped Tesla in Florida in 2016.
Investcorp exits RESA Power In Sale To Kohlberg, Marking First Exit For North American PE Fund
Investcorp aims to replicate RESA’s success globally across its private equity business Read more
Gate Group Secures Dubai VARA License
Gate Group’s Dubai arm is accelerating the expansion of its local team as it prepares for its official launch Read more
UAE Reviews Tax Authority Achievements As Report Identifies Over 537,000 Corporate Tax Registrants And 511,000 Signed Up For VAT
UAE Federal Tax Authority meets to discuss progress Read more
UAE Announces New Tax Rule
The UAE has announced a new waiver for tax fines in the country Read more
First Abu Dhabi Bank Powers Ahead With Record Q1 Numbers
Total income up 11 per cent to $2.4bn as net profit rises 23% to $1.4bn and profit before tax reaches $1.67bn; Total as... Read more
UAE To Launch Dirham-backed Stablecoin
Dirham-backed stablecoin launched in the UAE will enable simple digital payments Read more