DealBook Briefing: Elon Musk’s April Fool’s Joke

Supported by DealBook Briefing: Elon Musk’s April Fool’s Joke Photo Credit Twitter: @elonmusk Good Monday morning. The Trump administration is expected to announce this week the list of Chinese products that will be hit with tariffs. The Chinese government this morning retaliated to the steel and aluminum tariffs that have already been announced. Some links require subscriptions.
“So bankrupt, you can’t believe it.”Elon Musk finally responded to last week’s bad news with some April Fool’s tweets saying that Tesla had “gone completely and totally bankrupt.”
Elon was found passed out against a Tesla Model 3, surrounded by “Teslaquilla” bottles, the tracks of dried tears still visible on his cheeks.
The context
Analysts have warned of serious financial strains as the electric-car maker struggles to reach production targets for its Model 3.
Tesla has been racing to increase output to help burnish numbers for its earnings report. Its Fremont, Calif., delivery hub was packed on Saturday..