Elon Musk is negotiating with the Saudi Fund to take Tesla Private

  • Elon Musk is negotiating with the Saudi Fund to take Tesla Private
    Independent.t. E.
    Tesla CEO Elon Musk said that he is negotiating with the national wealth Fund of Saudi Arabia on the adoption of the electric vehicle and solar panel maker Private.
    https://www.independent.ie/business/technology/elon-musk-in-talks-with-saudi-fund-to-take-tesla-private-37210949.html
    https://www.independent.ie/world-news/article37210923.ece/733d7/AUTOCROP/h342/ipanews_ce6118db-3a7f-4dc4-9700-dff7c995d8af_1

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Tesla CEO Elon Musk said that he is negotiating with the national wealth Fund of Saudi Arabia on the adoption of the electric vehicle and solar panel maker Private.

Mr. Musk said in a blog that the majority of the funding will be available, but not the duty, although he added that no deal has been completed.

Tesla model 3 sedan (AP)

Investors who don’t want to stay with a private company will be paid $ 420 (£329) per share. Mr. Musk said he expects that one third of the shareholders will sell.

The oligarch says he left a meeting with the leadership of the national welfare Fund as at 31 July, there is no doubt that the deal can be closed – that’s why he wrote on 7 August that the funds were “secured”.

Mr. Musk wrote that since August 7, the managing Director of the Fund expressed support must be assessed.

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