(Reuters) – Tesla Inc said on Monday it could seek alternative sources of financing, days after Chief Executive Officer Elon Musk reached a deal with U.S. securities regulators to settle a dispute over his Twitter use, removing an overhang on the stock.
Shares of the electric carmaker rose 2.5 percent to $241 in midday trading on the Nasdaq.
Tesla said in a quarterly filing with the Securities and Exchange Commission that it expects cash generated from its business to be enough to fund its investments and pay down debt for at least the next 12 months, but that it may decide to raise debt to fund growth.
Wall Street has been looking for more details after Musk last week said, “It’s probably about the right time” to raise capital. He was speaking after the electric vehicle maker posted a $700 million loss for the first quarter.
Many analysts had predicted the company would need to raise funds for its expansion, including the Shanghai factory, the upcoming Model Y SUV and…
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