Elon Musk made the worst April fool’s joke of all time. It all started with his usual series of tweets.
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
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
A day after Elon tweeted his joke, Tesla’s stock fell almost 7 percent. The shares dropped to $248 per share. This is nearly 36% decrease from the company’s peak worth of $389. The company reached this hit in the last summers. The drop in the shares was basically a reaction to Musk’s April Fools’ prank.
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
I thought tesla went bankwurpt ????
— Omar ??? (@HoryyOmar) April 2, 2018
The fall in the stocks was very obvious since the bold joke came from a man who is heading a company which has more than $10 billion in debt. He had the worst month in the stock exchange during the past seven years. Three days prior to the tweet, he recalled a huge number of vehicles. In addition to that, he also missed another production milestone. Musk also faced scrutiny for the death of a driver of a vehicle which was operating in autonomous mode. He also avoided going bankrupt narrowly in the past. So no surprise that people actually believed him!