This Tweet From Tesla (TSLA) Made Shares Jump Higher
Author By Sophia VidaPosted on A series of tweets from Tesla Motors CEO Elon Musk were sent out over the weekend that helped shares move north.
Musk talked about a surprise product announcement and also talked down the company’s funding needs.
On Sunday, Musk tweeted that he wanted to “correct expectations” that Tesla, along with merger partner SolarCity (SCTY) , “will need to raise equity or corp debt in Q4,” saying it “won’t be necessary for either.”
When asked about a potential offering in the first quarter of 2017, Musk said “probably not then either.”
Disclaimer: We have no position in Tesla Motors Inc. (NASDAQ: TSLA) and have not been compensated for this article.
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