FAST FIVE: Musk Taunts SEC By Tweeting Fake 2019 Auto Production Forecast; Retracts Hours Later
Tesla made 0 cars in 2011, but will make around 500k in 2019 – Elon Musk (@elonmusk) February 20, 2019 This production target immediately caused a stir on Twitter, with many of the company's critics pointing out that Tesla's run rate for the rest of the year would have to be breakneck and record-setting in order to substantiate such production.
$TSLA – Quoth the Raven (@QTRResearch) February 20, 2019 Some chose to forego pleasantries and simply call Musk out immediately after the Tweet.
Spiegel (@markbspiegel) February 20, 2019 And almost immediately – but not before the headline was picked up on Bloomberg terminals worldwide – Musk's skeptics were all proven to be right.
Deliveries for year still estimated to be about 400k.
Even Bloomberg said that Musk's initial tweet about making 500,000 cars in 2019 was “difficult to gauge, given his proclivity for setting stretch goals” – which was just a diplomatic way to remind readers that Musk is often full of shit.