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Tesla says may seek alternative sources of funding

FILE PHOTO: The logo of Tesla is to see in Taipei, Taiwan, August 11, 2017. REUTERS/Tyrone Siu/File Photo

(Reuters) – Tesla Inc said on Monday it could seek alternative sources of funding, although it expects that cash generated from operations would be enough to finance its investment and the payment of debts.

“We continually evaluate our investment needs and may decide it is best to raise additional capital for the financing of the rapid growth of our company,” the electric car maker said in a regulatory filing here

Wall Street is looking for more information after Chief Executive Elon Musk suggested last week that a capital increase can be in front of the door, after the electric vehicle maker to a loss of $700 million in the first quarter.

“There is some merit to raising capital,” Musk said on a conference call on Wednesday, after being asked why he had not done so yet. “It’s probably about the right time.”

Reporting by Supantha Mukherjee in Bengaluru; Editing by shailesh Kuber

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