Meeting with Elon Tusk: Tesla's leader changes his name on Twitter

NEW DELHI: Tesla Inc. Chief Executive Officer, Elon Musk, has changed his Twitter user name to "Elon Tusk" and promised news from his electric car maker later in the week, in a new series of nocturnal tweets between Tuesday evening and Wednesday morning.

In a series of tweets addressed to his 25 million followers following charges from the US Securities and Exchange Commission earlier this week, Musk accused the regulator of not having read the reports Tesla and stated that his supervision had been "broken".

In the night he changed his display name and added an elephant tag.

The company's shares rose nearly 5 percent to $ 312.15 on Wednesday afternoon, after Musk announced that Tesla would have "news" at 2 pm California time on Thursday.

The company, which is heavily indebted following the acceleration of production of its popular model 3 sedan, must repay a convertible bond of $ 920 million a day later.

Convertible issues give bondholders the right to trade their debt for shares when the shares exceed a certain price. Tesla's shares are currently approximately $ 48 below the conversion price of $ 359.87.

Tesla had $ 3.7 billion in cash and cash equivalents at the end of December, according to the company's annual report.

Musk had promised last year to have his public statements verified by the company 's board of directors, as part of an agreement with the SEC that allowed him to resign his resignation from his position. position of General Manager of Tesla.

Tesla did not immediately respond to the request for comment.