Tesla goes bankrupt, Musk tweets on April Fool’s Day

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!”

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.

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.