Markets Insider
- Tesla‘s stock was down on Monday morning following a string of negative news stories.
- The company is expected to fall short of first-quarter vehicle deliveries and earnings projections, Moody’s has downgraded its debt, and the company is involved in a National Transportation Safety Board investigation over a crash involving its Autopilot driving system.
- Still, CEO Elon Musk made light of the news in a series of tweets, claiming Tesla was going “bankrupt” and he was drinking too much tequila.
- Watch Tesla’s stock price move in real time here.
Shares of Tesla were down 3.62% on Monday morning following a series of April Fools’ jokes tweeted by CEO Elon Musk that made light of Tesla’s recent woes, joking about Tesla going bankrupt and commenting that he was drinking too much tequila.
However, the company has serious problems ahead as the electric carmaker struggles to contain a wave of negative news including analyst forecast cuts for its first-quarter vehicle deliveries and earnings, a Moody’s downgrade of its debt, and a car crash involving the company’s semi-autonomous driving system, Autopilot.See the rest of the story at Business Insider
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- JPMorgan has identified the perfect Tesla trade to protect against Model 3 ‘production hell’
SEE ALSO: GOLDMAN SACHS: Tesla may fall ‘well short’ on its first-quarter deliveries
