Tesla Inc. said that it will consider 'alternative' funding sources. This comes on the heels of the electric car company's CEO Elon Musk reaching a settlement with the Securities and Exchange Commission (SEC) regarding the use of Twitter to disclose material information about the company.
According to a 10-Q filing with the SEC published Monday, Tesla indicated that its cash flow from operations should be adequate in meeting future expenses and near-term debt obligations, while adding that the company could seek alternative financing channels as well.
For the first quarter, Tesla reported an adjusted loss of $2.90, compared to a FactSet consensus of an adjusted loss of $1.15 per share. Revenue of $4.54 billion, however, came in lower compared to a FactSet consensus of $5.42 billion.
Tesla said that it anticipates a loss for the second quarter as well, but expects to earn a positive profit over the second half of the year. It reiterated forecast of delivering 360,000 to 400,000 vehicles over the course of the year.