Tesla said on Thursday it plans to raise $2 billion by selling shares through a public offering, just two weeks after Chief Executive Officer Elon Musk said the company wasn't looking to raise fresh funding.

Axar.az reports citing foreign media that Musk will buy up to $10 million in shares from the new offering, while board member and Oracle co-founder Larry Ellison will purchase $1 million worth Tesla shares. The underwriters will get an option to buy up to $300 million in additional shares.

On the company's fourth-quarter earnings call on January 29, Musk said it "doesn't make sense" to raise capital given Tesla's current state.