Tesla CEO Elon Musk said on Monday a July 31 meeting with Saudi Arabia’s sovereign wealth fund convinced him he could secure funding to take the electric car-maker private, but that he was still talking to the fund and other investors as he seeks to nail down financing.
According to Reuters Musk’s latest disclosure comes six days after he surprised investors by announcing on Twitter that he was considering taking Tesla private at a price of $420 per share and that funding was “secured.