Tesla Probably Ticked Off Some of Its Stockholders With Its April Fools' Joke

At least a few Tesla investors probably aren't laughing right now. Four minutes before the end of the trading day, Tesla put out a tweet and blog post with the headline: "Announcing the Tesla Model W." That announced was quickly picked up by a couple publications and briefly sent Tesla's stock up by about 0.75%. Those who looked at the picture included with the tweet or read just one line of the post would have quickly realized it was an April Fools' joke about Tesla releasing a watch, perhaps taking a jab at Apple, which is said to be considering competing with Tesla on cars. Then again, that would require an extra five seconds, which is an eternity on Wall Street.