UPDATE 2-Tesla says may seek new funding; shares up after SEC agreement

Tesla Inc said on Monday it could seek alternative sources of financing, days after Chief Executive Officer Elon Musk reached a deal with U.S. securities regulators to settle a dispute over his Twitter use, removing an overhang on the stock. Tesla said in a quarterly filing https://www.sec.gov/Archives/edgar/data/1318605/000156459019013462/tsla-10q_20190331.htm with the Securities and Exchange Commission that it expects cash generated from its business to be enough to fund its investments and pay down debt for at least the next 12 months, but that it may decide to raise debt to fund growth. Many analysts had predicted the company would need to raise funds for its expansion, including the Shanghai factory, the upcoming Model Y SUV and other projects.