first_img Being the public face of a company can be a mixed blessing, especially if you’re as fond of social media as Tesla’s head, Elon Musk, is. In recent months, he Twitter feed has fired out shockwaves that resonate around the very thing most corporate owners don’t want to mess with: their bottom line.Yesterday he confirmed on Twitter that the company has asked suppliers he’d already paid to give him some money back. Going back to 2016. Investors instead rewarded Tesla’s stock with a 6.6 per cent hit.He should stay off Twitter. While the world held their collective breath as a dozen Thai boys and their coach were rescued from an underwater cave, Musk offered a custom submarine to assist in the rescue. It put him in the spotlight of course, but it was still a noble gesture from a company that has proven it can innovate. The problem is when that country opted to use different methods, he called one of the rescuers a “pedo”. The boys were rescued, Musk was no hero, Tesla stock ditched 4 per cent, and once again, Musk’s Twitter finger cost his investors. Back on the first of April, he thought it would be fun to play an April Fool’s joke on Twitter. In March, the stock had dropped 22 per cent, the biggest loss since the company’s inception in 2010. How best to shore up investor confidence? To joke that the company was bankrupt. The next day, the stock dropped another 7 per cent. Trending in Canada COMMENTSSHARE YOUR THOUGHTS We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. Created with Raphaël 2.1.2Created with Raphaël 2.1.2 SpaceX, Tesla and The Boring Company founder Elon Musk speaks at the 2018 SpaceX Hyperloop Pod Competition, in Hawthorne, California on July 22, 2018.  Robin Beck / AFP/Getty Images Trending Videos RELATED TAGSTeslaNews advertisement The Rolls-Royce Boat Tail may be the most expensive new car ever Elon Musk may be having fun, but for the sake of his shareholders, he might want to consider a more private playground. Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” See More Videos PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | virtual panelPlayThese spy shots get us an early glimpse of some future models | ‹ Previous Next ›last_img