https://apnews.com/6c96b10b6c554dc5af2586e26ffb5ae0

Tesla Inc. CEO Elon Musk says he's in talks with the Saudi Arabian sovereign wealth fund about taking the electric car and solar panel maker private, but no deal has been finalized.

Musk says in a blog posted Monday that most of the funding would be in stock rather than debt. Investors who don't want to stay with a private company would be paid $420 per share. Musk says he expects that one third of shareholders would sell.