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Paddywagon1982

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20/08/18

06:24

Post #: 35026013
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Originally posted by raiderup ↑

Elon Musk says in talks with Saudis on taking Tesla private

Musk added that the Saudi Arabian sovereign wealth fund "has approached me multiple times" starting in early 2017 about taking Tesla private and had already taken a stake of nearly five percent though share purchases.
He said the Saudis were interested "because of the important need to diversify away from oil" and added that the sovereign fund "has more than enough capital needed to execute on such a transaction."

Read more at:
https://phys.org/news/2018-08-saudis-tesla-private-elon-musk.html#jCp

Raider

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If Elon Musk has any sense he will stay away from Saudi's. They have no intention of sabotaging their oil industry and the billions already invested.
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