Elon Musk’s April Fools’ prank about Tesla's bankruptcy comes back at him

Just like many others, Elon Musk too decided to prank his followers on April Fools’ Day by tweeting some tweets about Tesla going bankrupt. However, unluckily for Musk, the prank backfired as Tesla’s value dropped in the past few days.

There has already been news regarding Musk’s Tesla suffering from some financial issues with people even predicting that it will soon go bankrupt. Musk might have decided to make a joke out of it as he tweeted series of tweets on the social media site Twitter about the company’s bankruptcy and even posted a picture of him ‘passed out’ against a Tesla model.

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

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

Tesla’s electric Model X goes through fatal car crash

However, as per Huffington Post, to Musk’s bad luck, the very next day Tesla’s stock dropped 7%, falling to $248 per share. This is a 36% decrease from the company’s previous peak value of $389 last summer.

Either the fall in the value was due to Musk’s failed April Fools’ prank or because of the market; the comedy still wasn’t done on the perfect of timings. Tesla has already been going through hard times. The company is over than $10 billion in debt, recalled a huge number of vehicles just three days earlier, went through the worst month on the stock market in seven years, missed another production milestone, barely avoided bankruptcy in the past and faced examination because of the recent death of its car’s driver in autonomous mode, noted Futurism.