Last week was a difficult one for Tesla. After the carmaker waged a public war of words with federal safety regulators, CEO Elon Musk picked a Twitter fight with a magazine and may have improperly revealed financial information.
In an early morning tweet Friday, Musk announced that Tesla "will be profitable & cash flow + in Q3 & Q4," replying to an article from The Economist that questioned the company's financial health and raised the specter of Tesla needing to raise additional funds as early as this summer. In his tweet, Musk insisted the company will not need to raise more funds.
The SEC didn't comment on Musk's tweet but referred to a 2013 press release that said sometimes social media can be used for financial disclosures but it is something it closely monitors.