New York Post

Saudi backer balked: Musk

- Reuters

Elon Musk testified on Monday that he was sure he had backing from Saudi financiers in 2018 to take Tesla private but said the fund later backpedale­d on its commitment.

Musk said PIF made clear they would do what it took to make a buyout happen. “PIF unequivoca­lly wanted to take Tesla private,” he testified.

Musk is defending against claims that he defrauded investors.

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