While Musk may have been laughing at his April Fools tweet, investors most definitely were not. Last week, Vilas Capital Management, a hedge fund with a large short position on Tesla’s stock stated their belief that the electric car manufacturer would have to file for bankruptcy in the near future, Musk’s joke didn’t help to assuage fears that this may soon be a reality. The company has approximately $1 billion in loans due over the next year and will soon report if they have reached their production schedule of 2,500 Model 3 cars produced per week. Bloomberg reports that the company is not likely to meet that target, producing approximately half of the scheduled figure.

http:// www.breitbart.com/tech/2018/04/02/tesla-stock-plummets-following-elon-musk-april-fools-joke/