• Report: Saudi Arabia is looking to invest big in Tesla as the company teases going private

    1 day ago - By Chron

    AP Photo/Kamran Jebreili
    While Tesla CEO Elon Musk teased last week about taking the company private, several suitors may have already been courting the electric car giant months ago.
    Saudi Arabia's Public Investment Fund, the country's sovereign wealth fund, is in talks with Tesla about becoming a significant investor in the buyout, sources told Bloomberg.
    The fund has already built up a nearly 5% stake in the company.
    Tesla may have already been courted by SoftBank last year, but sources have told Bloomberg that the Japanese conglomerate is no longer interested.
    While Tesla CEO Elon Musk...
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  • Instead Of Tesla, Saudi Arabia Should Invest In Battery Tech

    1 day ago - By Forbes

    There are rumors that Saudi Arabia's PIF is planning a major investment in Tesla. It shouldn't and here's what Saudi Arabia should do instead.
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