Elon Musk reportedly thought he had a verbal agreement with the Saudis, and considered using SpaceX stake to back his plan to take Tesla private
https://www.cnbc.com/2018/09/28/elon-musk-thought-saudis-spacex-would-help-take-tesla-private-report.html
Tesla CEO Elon Musk thinks the fraud case the SEC filed against him on Thursday is flawed, according to a report in the Wall Street Journal citing a person familiar with the matter.
Musk reportedly believes the SEC is wrong to contend that he needed a written agreement and price before sending a tweet on August 7 that said "Am considering taking Tesla private at $420. Funding secured."