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Tesla: Saudis Expected To Fund Taking Company Private, Musk Says

by money.cnn.com posted 11months ago 42 views
Read full story for latest details. : In a blog post early Monday, the Tesla CEO wrote that the Saudi fund had approached him "multiple times" about taking the electric car company 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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