- Saudi Arabia’s sovereign wealth fund is in talks on ways to join any investor pool that emerges to take Tesla (NASDAQ:TSLA) private, according to a Bloomberg report, while Reuters says the kingdom's Public Investment Fund has shown no interest so far in financing a deal.
- Wall Street is rife with speculation on who might team up with CEO Elon Musk in any potential deal, and PIF would be a natural financing partner after amassing a nearly 5% stake in Tesla and pouring tens of billions of dollars into tech investments such as SoftBank's Vision Fund.
- For its part, Softbank reportedly is not pursuing an investment in Tesla given its investment earlier this year in rival GM Cruise.
- Tesla board members are preparing to meet with financial advisers this week to evaluate Musk’s going-private proposal, and directors likely will tell Musk to recuse himself and hire his own separate advisors, according to CNBC.
- Now read: Hoodwinked?
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