Tesla CEO says there's "no need" to raise cash.

Tesla CEO Elon Musk tweeted early Friday that the company will be profitable and cash-flow-positive in the third and fourth quarters of 2018.

"Tesla will be profitable & cash flow+ in Q3 & Q4," Musk tweeted, "so obv no need to raise money."

Musk was responding to an article in The Economist which claimed that Tesla would need to raise between $2.5 and 3 billion in 2018 in order to stay afloat.

The article referenced Musk's April Fool's bankruptcy joke, calling it "[...] uncomfortably close to the truth."