Elon Musk Taking Tesla Private Depends On The Saudi Sovereign Wealth Fund
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.