No Longer Elon Musk, Now Twitter Users Can Just See Elon Tusk

Tesla CEO Elon Musk has just changed his display name on Twitter into “Elon Tusk” and claimed that his company as an electric car manufacturer will offer the tech news to all users at the late nights. Accordingly, the latest tweets concerning Tesla’s technologies will be available from Tuesday evening to Wednesday morning.

Musk posted a lot of tweets to share the information with his 2.5 crores followers who have kept track of the charge of US Securities and Exchange Commission or SEC towards his company at the beginning of this week. He said the agency didn’t follow all annual reports conducted by Tesla, and that’s why they gave such charges.

Last night, Elon Musk set a new name for his own Twitter account and chose an elephant tag instead of the old tag.

On February 27, in afternoon trading, Tesla’s shares had an impressive increase of about 5 per cent at $312.15. This happened after the CEO revealed his electric car manufacturer would deliver “news” at 2 pm according to the current local time in California, US next day (February 28).

After mass-producing the Model 3, Tesla has now been in big debt. Until now, the company will have to repay a massive amount of convertible bond that worths $920 million after each day.

With these convertible bonds, Tesla’s bondholders will have the right to exchange the debt for equity after shares are higher than the certain price. The conversion price is now $359.87, while the company’s shares are approximately $48.

Considering the cash equivalents and cash, Musk’s company owned $3.7 billion until late December. The data was collected from the annual filing of Tesla.

In 2018, Elon Musk promised to give public statements checked by Tesla’s board. This was considered as a settlement’s part with the SEC when the agency required him to leave his current position as the CEO of Tesla.

Until now, the company hasn’t given any comment on this.