Saudi Arabia might be interested in helping Tesla go private

Nearly a week after Tesla CEO Elon Musk tweeted his intention to take the company private, we still don’t know much about the funding for the endeavor — which Musk said was “secured.”

And while the U.S. Securities and Exchange commission is reportedly looking into Musk’s claims, speculation is running wild. According to a Bloomberg report, published Sunday, part of the financing for taking Tesla private might come from Saudi Arabia’s Public Investment Fund (PIF). 

According to the report, which cites people with knowledge of PIF’s plans, the fund is working to be a part of “any investor pool that emerges” to take Tesla private. The talks between the Saudi fund and Tesla reportedly began before Musk’s tweet on Aug. 7.  Read more…

More about Tech, Tesla, Elon Musk, Saudi Arabia, and Pif