“Not funny” — Tesla shareholders, probably.
Elon Musk: Entrepreneur. Innovator. Humanitarian. Contender for the worst April Fool’s joke of all time.
It all started, as many of Musk’s antics tend to, with a series of tweets:
https://twitter.com/elonmusk/status/980566101124722688
https://twitter.com/elonmusk/status/980566116614291456
Good one, Elon. Except that maybe… this Tweet was a bit too prescient.
The next day, Tesla’s stock fell 7 percent, dropping to $248 per share. That’s a 36 percent decrease from the company’s peak value of $389, which it hit last summer.
Whether the drop was a reaction to Musk’s April Fools’ prank or simply the market doing its thing, no one can say. But if comedy is all about timing, Musk’s was too soon.
https://twitter.com/elonmusk/status/980880706627715072
You gotta admit, it’s a bold thing to say, especially for a man who heads a company that has:
- More than $10 billion in debt
- Just wrapped its worst month on the stock market in seven years
- Recalled a massive number of vehicles just three days prior
- Missed yet another production milestone
- Faced scrutiny for the recent death of a driver of a vehicle in autonomous mode
And, oh:
- Narrowly avoided bankruptcy in the past
Maybe next year Elon should pick something else to joke about on April Fools’ Day.
Originally published: Futurism