Tesla shares fell 5% after an unsuccessful joke by Elon Musk

After Elon Musk joked on his Twitter about Tesla being "bankrupt", the company's shares fell by 5% - to $252.48. First, the businessman said that "important news" would appear soon. After some time, a tweet...

After Elon Musk joked on his Twitter about Tesla being "bankrupt", the company's shares fell by 5% - to $252.48.

First, the businessman said that "important news" would appear soon. After some time, a tweet appeared that said Tesla had " gone completely bankrupt," despite the most desperate attempts to earn money, such as selling Easter eggs.

Then Musk posted a tweet, as if it was from his press service, in which it was reported that he had been found unconscious near a Tesla Model 3 with Teslaquilla bottles laying around him and his cheeks still wet with traces of tears.

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! pic.twitter.com/YcouvFz6Y1

— Elon Musk (@elonmusk) April 1, 2018

Another factor that influenced the mood of investors was a fatal crash involving a Model X. The investigation showed that the car was moving in autopilot mode when a collision occurred. The driver did not manage to take control of the car and it crashed into a fence. After the impact, the entire front part of the crossover was crumpled, and the damaged battery caught fire. The report on the company's website says that the driver had about 5 seconds to prevent the accident, but his actions did not help.

The National Transport Safety Council has launched a large-scale investigation and will closely study the safety of unmanned vehicles over the next few months.

Uber's testing of autopilot systems was recently suspended after an unmanned taxi ran down a bicyclist. The company, together with the police, have begun investigating the incident. This accident was the first deadly accident in the history of Uber UAV's.

In 2017, Elon Musk reported that the Tesla autopilot system works no worse than a live driver. But safety rules require a much higher level of reliability for unmanned control systems as compared to a human driver. As of now, drivers need to take control of the vehicle themselves in difficult situations. And if they do not react in time, the security system can not save them on its own.