• A private Tesla backed by Saudi Arabia might not be as far-fetched as you think

    2 monthes ago - By Tech Crunch

    This week the business and tech world was stunned when Elon Musk hinted on August 7, via Twitter of course, that he wanted to take Tesla private. The estimated price tag for such a move is commonly put at up to $72 billion. Shortly after that no ‘ white knights ' appeared and Tesla's shares plummeted.
    But today, Bloomberg came out with a new report which might well fan the flames of speculation on Monday.
    Its story has sources which say that Saudi Arabia's sovereign wealth fund was already in talks with Tesla to become a significant investor before Musk's tweets.
    The timing of this...
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  • Exclusive: Saudi Arabia's PIF has shown no interest in bankrolling Tesla buyout - sources

    2 monthes ago - By Reuters

    Saudi Arabia's Public Investment Fund has shown no interest so far in financing Tesla Inc CEO Elon Musk's proposed $72 billion deal to take the U.S. electric car maker private, despite acquiring a minority stake in the company this year, two sources familiar with the matter said.
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  • How Insane Is Elon Musk's $420 Valuation For Tesla?

    2 monthes ago - By Forbes

    There are good reasons to conclude that $420 is well above Tesla's intrinsic value. But given investor psychology, and Elon Musk's record, it would be insane to rule out Tesla going private at $420. Until the pool of greater fools dries out, price bubbles can continue to grow; and then they burst.
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