28. February 2019 11:10:08 IST
Eles Musk, Chief Executive Officer of Tesla Inc., changed his Twitter display name to "Elon Tusk" and in another case this week promised news from his electric car maker Tweets between Tuesday night and Tuesday Wednesday mornings.
In a series of tweets to its 25 million followers at the time of the US Securities and Exchange Commission's allegations in early May, Musk accused the regulator of not reading Tesla's annual reports and said that Supervision was "broken". 19659007] Overnight, he changed his display name to twitter.com/elonmusk and added an elephant tag.
The company's shares rose nearly 5 percent to $ 312.15 in afternoon trading on Wednesday after Musk had said Tesla would have "News" 2pm California time on Thursday.
The company, heavily indebted for the production of its popular Model 3 limousine, is scheduled to repay a $ 920 million convertible one day later.
Convertible bonds give bondholders the right to exchange their debts for equity after the shares have exceeded a certain price. Tesla shares are currently around $ 48 below the conversion price of $ 359.87.
Tesla had cash and cash equivalents of $ 3.7 billion at the end of December, according to the company's annual statement.
Musk had promised in the past year to make his public statements reviewed by the company's board of directors, as part of a settlement with the US Securities and Exchange Commission, which broke off demands for his resignation as CEO of Tesla.
Tesla did not immediately respond to the request for comment.
Tech2 is now on WhatsApp. Sign up for all WhatsApp services to learn about the latest technologies and science. Just go to Tech2.com/Whatsapp and click the Subscribe button.