Home Business Elon ‘Tusk’? Tesla CEO changes Twitter handle, says there will be news on Thursday – MarketWatch

Elon ‘Tusk’? Tesla CEO changes Twitter handle, says there will be news on Thursday – MarketWatch

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Tesla Inc. Chief Executive Elon Musk changed his Twitter handle overnight and told his 25 million followers there will be Tesla news on Thursday, without elaborating further.

Musk’s handle is currently “Elon Tusk,” and next to it there’s an elephant emoji.

Tesla

TSLA, +5.54%

 shares rose Wednesday, with Wall Street shrugging off the impending news as well as Musk’s latest controversy with the Securities and Exchange Commission.

Tesla did not immediately respond to a request for comment about Musk’s latest announcement.

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

Musk is, of course, no stranger to Twitter controversies. On Monday, the regulator asked a judge to hold Musk in contempt over a tweet about the Silicon Valley car maker’s production goals. Musk has until March 11 to tell the court why he shouldn’t be held in contempt.

Related: Citron’s Andrew Left sells out of China’s Tesla rival Nio

The settlement stems from Musk’s going-private tweets last year, when Musk said he had “funding secured” to take Tesla private. As part of the agreement, Musk and Tesla agreed to have oversight over the CEO’s tweets that could contain material information to Tesla’s shareholders.

Tesla shares have lost 11% in the past 12 months, contrasting with gains around 1.4% for the S&P 500 index.

SPX, -0.03%

 

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