Tesla goes bankrupt, CEO Elon Musk tweets on April Fool''s Day

In a hilarious thread of April Fools` tweets, Tesla CEO Elon Musk jokingly posted a "Tesla Goes Bankrupt" message on the microblogging platform. "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," Musk tweeted late Sunday.

"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)," he added in the second tweet. These tweets came three hours after he announced "Important news in a few hours..." on Twitter.

Musk also posted his photo with the tweets in which he was seen sitting with a "bankrupt" placard in his hand. 

"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!" the followup tweet said.

Tesla`s stock price plunged more than 25 per cent over the past month. 

Investors are worried about the startup`s ability to deliver on its first mass-market car, the Model 3, which has been plagued by manufacturing woes.

Last week, Tesla recalled about 123,000 Model S sedans, asking customers with cars built before April 2016 to have their power steering bolts replaced.

Tesla`s stock sank nearly four per cent during after-hours trading after the recall announcement.