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21.08.2018 - 08:24 [ Fortune.com ]

Saudi Arabia Might Not Fund Elon Musk’s Take-Tesla-Private Plans After All

In August alone the entrepreneur has become the subject of an SEC investigation, made a dubious Twitter announcement about taking his company Tesla private, and gave a teary interview to the New York Times, causing Tesla shares to plummet.

Now it looks like the Saudi Arabian sovereign wealth fund, the main candidate to take Tesla private, might actually invest in a Tesla rival instead.