Elon Musk Taking Tesla Private Depends On The Saudi Sovereign Wealth Fund
- 6 years ago
Tesla CEO Elon Musk has given more details about his plan to make the company private. According to Business Insider, a private deal would depend on the Saudi sovereign wealth fund. They would have to have the ability and willingness to finance a buyout. Musk also thought of his shareholders when creating this private deal and want to bring them along. The CEO wants to give small-time shareholders or restricted investors the chance to bail out at $420 per share.