Elon Musk, Tesla Motors Chief Executive, has announced that Tesla will not need to raise equity or corporate debt in the fourth quarter of 2016 in order to acquire SolarCity and later stated on Twitter that the company “probably” would not need to raise funds in the first quarter of 2017.
Musk’s statements directly contradict Tesla’s recent filings with the Securities and Exchange commission. Tesla said it "is currently planning to raise additional funds by the end of this year, including through potential equity or debt offerings, subject to market conditions and recognizing that Tesla cannot be certain that additional funds would be available to it on favorable terms or at all."
In a tweet released on Sunday, Musk also stated that a new “Tesla product” would be announced on October 17th, followed by the unveiling of the Tesla/SolarCity merger. In an earlier tweet, Musk described plans to announce a new SolarCity solar roof with an integrated storage battery. It is unknown if the tweets are related.