Tesla says it may seek alternative sources of financing

Electric car maker Tesla on Monday said that it may seek “alternative” sources of financing.

The company said in a filing with the Securities and Exchange Commission that it may “choose to seek alternative financing sources.”

Tesla added in the filing that it expects its current cash flow to be enough to cover expenses for at least the next year.

{mosads}“Moreover, we expect that the cash we generate from our core operations will generally be sufficient to cover our future capital expenditures and to pay down our near-term debt obligations, although we may choose to seek alternative financing sources,” the company said.

“As always, we continually evaluate our capital expenditure needs and may decide it is best to raise additional capital to fund the rapid growth of our business,” Tesla added.

“We expect that our current sources of liquidity together with our projection of cash flows from operating activities will provide us with adequate liquidity over at least the next 12 months,” the company said.

Tesla CEO Elon Musk said on an earnings call last week that there is “some merit” to raising additional capital.

“At this point, I do think there is some merit to raising capital,” he said, according to media reports. “This is probably about the right timing.”