Tesla may be in hot water, but Elon Musk doesn't mind poking fun at his company's troubles. The founder used April Fool's as an opportunity to joke about the electric car maker's financial strain by tweeting a photo of himself with a cardboard sign that read "bankwupt!"

"Despite intense efforts to raise money, including a last-ditch mass sale of Easter Eggs, we are sad to report that Tesla has gone completely and totally bankrupt," Musk wrote in an additional tweet. "So bankrupt, you can't believe it."

The tweet comes just as Musk is expected to make a statement about Tesla's ability to meet its ambitious production goal of 5,000 Model 3s per week by the end of June. Hitting that target is imperative for the health of the company's cash flow. If Tesla can't hit the production goal, it could burn through its cash by the end of the year, according to estimates by The Wall Street Journal.

While Tesla's money woes could mean more trouble for the company, the serial entrepreneur has appeared unfazed by analysts' warnings and bad press.

Tesla's financial burden isn't the only controversy plaguing the company. Tesla's semiautonomous driver assistance technology has been under scrutiny since a third fatal crash occurred in late March. A driver died while autopilot was deployed, but Tesla says the driver ignored warnings to put his hands on the wheel.

Musk wasn't the only one to pull an April's Fool joke. Snapchat released a filter that poked fun at its rival Facebook as that company struggles with data privacy issues and Russian interference during the 2016 Presidential campaign. Snapchat's April Fool's filter lets users pretend they're uploading a new profile picture, but the standard language is replaced with Cyrillic. What's more, it alerts users that "Your mom, a boy and two others" liked the photo.

While Facebook faces heavy criticism, Snapchat is no stranger to a loss in popularity. More than 1.23 million people signed a petition on Change.org asking Snapchat to remove a recently installed redesign that, they say, makes the app harder to use. The company's response encouraged users to stick with the app and learn its technology.

Published on: Apr 2, 2018