We don't feel like we would be going out on a limb in taking a guess that Elon Musk's talks with the SEC over an amended settlement agreement – as recently ordered by Judge Alison Nathan - may not be going well. Or, at the very least, the CEO's antics this weekend on Twitter may have thrown them off the rails, if they hadn't already been.
Just days ahead of Tesla's next desperate carrot on a string to raise cash "Investor Autonomy Day" and its Q1 earnings report, Elon Musk took to Twitter on Sunday – tweeting for hours on end – and not only lashing out at former ally Panasonic, but also at media outlets including Bloomberg and the Wall Street Journal.
And true to form, it wouldn't be an Elon Musk tweet storm without the CEO offering up material changes to the company's guidance. He wrote on Sunday that Tesla will make more than 500,000 cars in the next 12 months, new guidance that differs from the 500,000 cars produced for 2019 guidance that landed Musk back in hot water with the SEC a couple months ago.
"Buying a car today is an investment into the future. I think the most profound thing is that if you buy a Tesla today, I believe you are buying an appreciating asset – not a depreciating asset (due to the self-driving AI)." @elonmusk
— John Robb (@johnrobb) April 13, 2019