Wednesday, 15 August 2018

Saudi fund may only play minor part in Musk's $72 billion Tesla plan: bankers | Reuters

Saudi fund may only play minor part in Musk's $72 billion Tesla plan: bankers | Reuters:

Elon Musk told investors this week that “obviously, the Saudi sovereign fund has more than enough capital needed” to finance taking Tesla private.

The fund is estimated to have over $250 billion in assets. But it is not that simple.

The Public Investment Fund (PIF) has many claims on its resources, both financial and political.

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