Last Tuesday, the eminent billionaire sent out the following unprompted tweet on his personal account: Am considering taking Tesla private at $420. Funding secured.
Am considering taking Tesla private at $420. Funding secured.— Elon Musk (@elonmusk) August 7, 2018
Yup. It’s a weed gag.
The Times had previously reported that the company may have already been subpoenaed by the US Securities and Exchange Commission over the - admittedly, pretty dumb - joke made over the platform last week.
Shortly after the tweet was posted, Tesla’s stock shot up 11 per cent. This would typically be good news for the company. Under the circumstances, however, it confused what gains were derived from the contentious tweet and which came from the recent report that Saudi Arabia was securing a large stake in the company, creating something of a legitimacy issue.
Since then, some of the company’s board members have suggested that Musk stop using Twitter altogether until things blow over.
The interview paints a pretty piteous picture of the CEO, with this new controversy coming in the midst of what Musk himself has described as "the most difficult and painful year of my career."
Damn. We’d like to suggest that Mr. Musk roll one to take the edge off, but seeing as that is what got him into this trouble in the first place, we’ll just wish him the best.