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Elon's Infamous take-private tweet


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He just can't help himself....

an itchy-thumbed CEO new social media habits. Elon Musk was at it again, firing off questionable tweets about just how many cars Tesla plans to crank out this year.

Musk first said Tesla (-1.01%) would make 500,000 cars in 2019. Then he backtracked, confirming he meant the company would be producing cars at an annualized rate of 500K by year-end.

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Elon Musk? Tweeting out material company information? To his 24.8 million followers? You don’t say. The string of tweets felt oddly similar to last summer’s notorious “funding secured” fiasco.

  • Remember, in settling with the SEC over *that* Twitter misfire, Tesla was ordered to designate a securities lawyer to monitor Musk’s and other high-level execs’ Twitter feeds.

Interesting timing, given that Tesla announced hours after the tweet that its general counsel, Dane Butswinkas, is leaving the company after just two months on the job.

For Tesla, this saga is another instance that shows retention isn't exactly its strong suit. Butswinkas’s exit makes him the 42nd exec to leave the company since 2016.

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