Ron Burgundy Posted October 9, 2016 Share Posted October 9, 2016 (Reuters) - Tesla Motors Inc Chief Executive Elon Musk on Sunday said the company would not need to raise equity or corporate debt in the fourth quarter for its planned acquisition of SolarCity Corp , contradicting a filing the company made with regulators last week. Asked on Twitter whether the company would raise funds in first quarter of 2017, Musk tweeted, "Probably not then either." A Tesla spokeswoman did not immediately reply to a request for comment on Sunday. In a filing with the Securities and Exchange Commission on Friday, Tesla said it "is currently planning to raise additional funds by the end of this year, including through potential equity or debt offerings, subject to market conditions and recognizing that Tesla cannot be certain that additional funds would be available to it on favorable terms or at all." Financial statements in the filing show Tesla and SolarCity had a combined $3.3 billion in cash and cash equivalents as of June 30. View the full article Quote Link to comment Share on other sites More sharing options...
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