Date: 7 months ago   Category: Auto

Mask has confirmed negotiations with Saudi Arabia on redemption of stocks of Tesla


Elon Musk conducts negotiations both with the Saudi fund, and with some other investors. The businessman wants that Tesla had the wide list of investors. The founder of Tesla Elon Musk has confirmed information that conducts with sovereign fund of Saudi Arabia Public Investment Fund (PIF) negotiations on redemption of stocks of the company. The businessman has reported about it on Monday, August 13, in the blog. According to him, he continues to conduct negotiations with fund, but at the same time conducts negotiations with some other investors. As Musk has noted, he wants that Tesla had a wide list of investors. The businessman has also said that nearly two years the Sovereign fund of Saudi Arabia conducts negotiations on making Tesla not the public, but private company. The first meeting has taken place at the beginning of 2017, then have been carried out some more during which Saudis have confirmed the interest. Musk has emphasized that the fund "more than has enough means for implementation of the similar transaction". On the eve of Bloomberg has reported that PIF conducts negotiations with Tesla on increase in the share in the company. The fund possesses 5% of stocks of Tesla. PIF seeks to diversify the investments and to hedge risks in the oil market. On August 7 Musk has written to Twitter that the company can turn from public in private at the cost of its actions of $420 for paper. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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