Saudi Fund set to in­vest in Tesla

The Citizen (KZN) - - BUSINESS -

Saudi Ara­bia’s sov­er­eign wealth fund is in talks that could see it be­com­ing a sig­nif­i­cant in­vestor in Tesla as part of Elon Musk’s plan to take the elec­tric car­maker pri­vate.

The Pub­lic In­vest­ment Fund, which has built up a stake just shy of 5% in Tesla in re­cent months, is ex­plor­ing how it can be in­volved in the po­ten­tial deal. – Bloomberg

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