• Elon Musk could take Tesla private with the Saudis - here's what their sovereign wealth fund is all about

    1 month ago - By Business Insider

    Tesla CEO Elon Musk has indicated that the Saudi sovereign wealth fund could fund a go-private plan.
    It's unclear whether what's formally known as the Public Investment Fund has the resources to take Tesla private.
    But the PIF's goal is to diversify the kingdom's investments away from oil.
    As the debate over whether Tesla CEO Elon Musk's go-private plan for Tesla rages on, it's worth it to take a closer look at the investor he suggested in his now infamous "funding secured" tweet and subsequent blog post would be his key partner in a delisting.
    Although Japan's SoftBank was, according to...
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  • IT'S OFFICIAL: Goldman Sachs is advising Elon Musk on his plans to take Tesla private

    IT'S OFFICIAL: Goldman Sachs is advising Elon Musk on his plans to take Tesla private

    1 month ago - By Business Insider

    Goldman Sachs is working with Tesla on its bid to go private, the bank confirmed Wednesday.
    It's still unclear if there was a formal agreement when Elon Musk tweeted about working with the Wall Street firm.
    Follow Tesla's stock price in real-time here.
    Two days after Elon Musk said he was " excited to work with Silver Lake and Goldman Sachs as financial advisors" in his bid to take Tesla private, at least half of the tweet has been confirmed.
    In a note to clients Wednesday, Goldman Sachs said it was removing price targets and stock ratings for Tesla because it is acting as a financial...
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