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A private Tesla backed by Saudi Arabia might not be as far-fetched as you think

2 days ago   |   By TechCrunch

This week the business and tech world was stunned when Elon Musk hinted on August 7, via Twitter of course, that he wanted to take Tesla private. The estimated price tag for such a move is commonly put at up to $72 billion. Shortly after that no ‘ white knights ' appeared and Tesla's shares plummeted.
But today, Bloomberg came out with a new report which might well fan the flames of speculation on Monday.
Its story has sources which say that Saudi Arabia's sovereign wealth fund was already in talks with Tesla to become a significant investor before Musk's tweets.
The timing of this...
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Tesla may get help from Saudi Arabia in its bid to go private

2 days ago   |   By Engadget

Tesla may recruit an unusual ally in its effort to become a private company and take more control over its fate. A Bloomberg source has claimed that Saudi Arabia's Public Investment Fund is in talks that could make it a "significant investor" in Tes...
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