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Elon Musk Says He Expects Saudis To Fund Plan To Take Tesla Private

by money.cnn.com posted 11months ago 41 views
In a blog post, he explained his "funding secured" tweet. : In a blog post early Monday, the Tesla CEO wrote that the Saudi fund had approached him "multiple times" about taking Tesla private. Musk said he left a July 31 meeting "with no question that a deal with the Saudi sovereign fund could be closed, and that it was just a matter of getting the process moving." Sovereign wealth funds are investment funds controlled by a national government.

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