Tesla Bankrupt ?
Musk ended with: “This is not a forward-looking statement, because, obviously, what’s the point? Happy New Month!”
The bankruptcy joke was apparently in response to notorious Tesla bear John Thompson of Vilas Capital Management, who predicted last week that Tesla would be bankrupt within four months if it didn’t turn things around quickly.
Read: Tesla is just months from a total collapse, says hedge-fund manager
Jokes aside, Musk certainly hopes for a happier new month. In March, Tesla shares TSLA+3.24% plunged 22%, their worst monthly performance since December 2018. After long outperforming the S&P 500 SPX+1.38% , Tesla is now down 4% over the past 12 months, compared to the S&P’s 12% gain.