The official Twitter account of Tesla, Elon Musk‘s electric-car company, assured its followers that there is enough toilet paper at its Fremont, California headquarters, despite rumors to the contrary.
“Actually we still have plenty of toilet paper, but thank you for checking,” Tesla tweeted. “We completely understand the feeling when you get stuck without a square though.”
Actually we still have plenty of toilet paper, but thank you for checking.
We completely understand the feeling when you get stuck without a square though.
— Tesla (@Tesla) May 24, 2019
Elon Musk also rubbished the rumors. “This is complete nonsense,” he tweeted.
This is complete nonsense
— Elon Musk (@elonmusk) May 25, 2019
We may even have a square to spare’
Tesla added that it even has extra toilet paper for anyone who needs it.
“We may even have a square to spare. Let us know if you would like to borrow one.” 🚽
We may even have a square to spare. Let us know if you would like to borrow one 🚽
— Tesla (@Tesla) May 24, 2019
Tesla’s finances are in a ‘code-red’ situation
The company was reacting to a report in Electrek claiming that several of its facilities are cutting way back on office supplies – even toilet paper — as part of an extreme cost-cutting measure.
One source even claimed that some employees have resorted to bringing their own stash of toilet paper from home in order to cut down on costs.
As HVY reported, Tesla is in an emergency “code red” situation because it only has $2.2 billion cash on hand, which is just enough to last another 10 months.
Tesla snapped a six-day losing streak, fueled by concerns over profitability and demand for the company's vehicles. Here's what five analysts have to say about Tesla's long-term success and how to trade the stock. https://t.co/vFHbnr72qq pic.twitter.com/9HQL6uFjdt
— CNBC (@CNBC) May 24, 2019
GoFundMe account to raise money for toilet paper
To address this, Elon Musk instituted an immediate cost-cutting plan to slash expenses across the board. Naturally, this has caused a flurry of comical rumors, including the latest one claiming there’s a toilet-paper shortage at Tesla.
Things got so extreme that someone even launched a GoFundMe page to raise money to buy toilet paper for Tesla. The petition, which has already collected $310, reads:
“In order to cut costs, Elon has been cutting back on everything at Tesla… Even the toilet paper! Let’s band together and help these dedicated employees out of a sh*tty situation by getting them the soft, ultra plush, two-ply they deserve.”
“We all know it has been tough at Fremont lately (the raw sewage going through workspaces last year..) but the workers don’t deserve to be on the short end of the stick – show them some love!”
Elon’s Boring Company wins $48 million Las Vegas contract
While TSLA stock is getting battered this week amid a barrage of bad news, Elon Musk scored a major victory for his other fledgling venture, the Boring Company.
Earlier this week, the Boring Company won a $48.6 million contract to build a high-speed underground transit system for the Las Vegas Convention Center. It is Boring’s first commercial contract.
The Loop is expected to slash the transit time for moving around the Las Vegas Convention Center from 15 minutes to 60 seconds.
The project deadline is January 2021, which is when the annual Consumer Electronics Show takes place in Las Vegas. However, Musk says he hopes to finish the project by the end of 2019.
Wanna race? pic.twitter.com/zDNpdsdHaM
— The Boring Company (@boringcompany) May 24, 2019