Feb 27 (Reuters) – Tesla Inc Chief Executive Officer Elon Musk altered his Twitter display name to “Elon Tusk” and guaranteed news from his electrical carmaker later this week at another late-night flurry of tweets between Tuesday evening and Wednesday morning.
In a set of tweets to his 25 million followers after charges from the U.S. Securities and Exchange Commission earlier this week, Musk accused the regulator of failing to read Tesla’s annual reports and said its supervision was “broken. ”
Overnight, he shifted his display (https://twitter.com/elonmusk) title and added an elephant label (which has since been removed –MT).
Shares of the company were up nearly 5 percent at $312.15 in afternoon trading on Wednesday, after Musk said Tesla would have “news” at 2 p.m. California time on Thursday.
California
— Elon Tusk (@elonmusk) February 27, 2019
The company, which is deep in debt as it ramps up production of its Model 3 sedan, is due to repay a $920 million bond a day later.
Problems give bondholders the right after shares rise over a specific price, to exchange their debt for equity. Tesla shares are now about $48 below the $359.87 conversion price.
Tesla had $3.7 billion in cash and cash equivalents at the end of December, according to the company’s annual filing.
Musk had promised last year to have his statements vetted by the firm ’s board, as part of a settlement with the SEC that headed off demands for him to resign as Tesla CEO.
Tesla did not respond to request for comment.
(Reporting by Supantha Mukherjee and Arjun Panchadar in Bengaluru; additional reporting by Kate Duguid in New York; Editing by Patrick Graham, Bernard Orr)
The article Meet Elon Tusk: Tesla Chief Changes Twitter Display Name appeared first on Motortrend.
Buy Tickets for every event – Sports, Concerts, Festivals and more buytickets.com
Leave a Reply
You must be logged in to post a comment.