Elon Musk confirms his bid to take Tesla private, backed by Saudi Arabia’s sovereign wealth fund

Elon Musk confirms his bid to take Tesla private, backed by Saudi Arabia’s sovereign wealth fund

6 years ago
Anonymous $oIHRkISgaL

https://techcrunch.com/2018/08/13/elon-musk-confirms-his-bid-to-take-tesla-private-backed-by-saudi-arabias-sovereign-wealth-fund/

Yesterday I speculated that Elon Musk’s hints that he wanted to take Tesla private might well be possible with Saudi Arabia’s sovereign wealth fund backing it might not be as far-fetched as people think. Today Musk has published a statement claiming that he has been talking to the Saudi Arabian sovereign wealth fund (known in the country as the Public Investment Fund) about taking Tesla private for almost two years.

Indeed, he says, they approached him “multiple times about taking Tesla private.”