Elon Musk has said he expects Saudi Arabia’s sovereign wealth fund to provide the cash for his Tesla buyout plan, throwing into question his claims last week that funding for the deal was “secured” in a move likely to prompt scrutiny from US regulators. The billionaire chief executive said he had been approached by the Saudi fund “multiple times about taking Tesla private”, stretching back to the beginning of 2017 when it had first expressed interest “because of the important need to diversify away from oil”. He said, following the Saudi fund’s decision to buy almost 5pc of Tesla …read more
Source:: Yahoo Finance
