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| Page 122 of a court document of a shareholder lawsuit against Elon Musk and Tesla details a string of text messages between Musk and the head of Saudi Arabia’s Public Investment Fund Source: Court Filing |
The back-and-forth continues. Al-Rumayyan tells Musk that “we cannot approve something that we don’t have sufficient information on,” and writes that he’s been waiting for more details. Later in the exchange, Al-Rumayyan asks Musk to “read the article please.”
“I read the article,” Musk says. “It is weak sauce and still makes me sound like a liar. It is filled with equivocation and in no way indicates the strong interest you conveyed in person.”
Musk told Al-Rumayyan that Tesla would move forward with private equity firm Silver Lake, Goldman Sachs Group Inc. and other investors. The next day, however, he published a blog post citing the Saudi PIF’s interest in taking Tesla private as the reason he tweeted that he had “funding secured.”
Al-Rumayyan texted that he was surprised Musk had divulged “loose information,” despite having signed a non-disclosure agreement and after keeping the PIF waiting for specifics needed to move forward with a deal. Musk scolded Al-Rumayyan again for not pushing back against media reports about whether the Saudi fund would support the go-private transaction.
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