Elon Musk Met With Saudi Fund About Taking Tesla Private


In a blog post, Musk said he believes two-thirds of current shareholders would remain with the company

Elon Musk said Saudi Arabia’s sovereign-wealth fund has approached him several times over nearly two years about providing financial support to take Tesla Inc. private, as the chief executive sought to explain his claim to have funding for a possible deal.

Mr. Musk’s blog post on Tesla’s website Monday provided new information about what led to his surprise tweet last Tuesday announcing the possible transaction. But the new post also left unanswered a host of big questions including how much capital would be required and…

Categories : Finance

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