Elon Musk has poked fun at reports of Tesla’s worsening financial position, tweeting on April 1st that the electric automaker has indeed gone bankrupt.

In his tweet, Musk said that despite the brand’s ongoing efforts to raise money, nothing has been able to help the company.

“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. So bankrupt, you can’t believe it,” the tweet read.

As entertaining as the outspoken entrepreneur may think it is to joke about Tesla going bankrupt, the truth is, the brand has had it tough in recent months. As a matter of fact, Tesla stock fell by 22 per cent in March, the steepest monthly drop since December 2010, Bloomberg reports. Last week, Moody’s Investors Service cut Tesla’s credit rating further into junk status and asserts that the company will soon have to raise more than $2 billion.

Model 3 delays are doing Tesla no favors

Delays with the Model 3 also continue to hurt Tesla. Production and deliveries of the entry-level electric sedan are months behind schedule and the $35,000 Model 3 long promised to customers won’t arrive in customer hands until the end of the year, some 18 months after select Tesla employees took delivery of high-spec examples.

In a second tweet, Musk was pictured passed out against his Model 3, “surrounded by ‘Teslaquilla’ bottles, the tracks of dried tears still visible on his cheeks.”