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Elon 'Tusk'? Tesla's CEO changes pseudo Twitter, announces news Thursday

Tesla Inc.'s CEO, Elon Musk, changed his Twitter account overnight and announced to his 25 million followers that there would be news of Tesla on Thursday, with no more than precision.

Musk's neck is currently "Elon Tusk", and next to it is an elephant emoji.

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TSLA, + 4.69%

Shares rose on Wednesday as Wall Street dismissed the announcement of the news and Musk's latest controversy with the Securities and Exchange Commission.

Tesla did not immediately respond to a request for comment regarding Musk's latest announcement.

Read more: Wall Street keeps faith in Tesla despite Musk, tiff SEC

Of course, Musk is no stranger to controversy on Twitter. On Monday, the regulator asked a judge to despise Musk for a tweet about the Silicon Valley automaker's production targets. Musk has until March 11 to tell the court why it should not be considered a contempt.

Related: Andrew Left, of Citron, yields to Nio, his Chinese rival of Tesla

The deal was made public by Musk's tweets becoming private to use last year, when Musk said he had "secured funding" to take Tesla for private purposes. As part of the agreement, Musk and Tesla agreed to oversee the CEO's tweets that may contain important information for Tesla's shareholders.

Tesla shares lost 11% in the last 12 months, in contrast to gains of about 1.4% for the S & P 500 Index.

SPX, -0.16%

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