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Musk says Saudi fund supports Tesla buyout, talks continue

August 13, 2018

Via: Reuters
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Tesla (TSLA.O) Chief Executive Elon Musk said on Monday he was still in talks with potential backers of a possible buyout of the company, including Saudi Arabia’s sovereign wealth fund, but had not completed securing the funding.

In a blog post, Musk said the Saudi fund had been pushing to take the electric carmaker private in talks dating back nearly two years and also backed the deal last week.

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