{"id":81670,"date":"2018-08-12T07:22:28","date_gmt":"2018-08-12T14:22:28","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2018\/08\/saudi-fund-in-talks-to-invest-in-tesla-buyout-deal"},"modified":"2018-08-18T17:13:16","modified_gmt":"2018-08-19T00:13:16","slug":"saudi-fund-in-talks-to-invest-in-tesla-buyout-deal","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2018\/08\/saudi-fund-in-talks-to-invest-in-tesla-buyout-deal","title":{"rendered":"Saudi Fund in Talks to Invest in Tesla Buyout Deal"},"content":{"rendered":"<p>While Elon Musk owns 20% of Tesla, more than $60 billion would be needed to buy the business from public shareholders.<\/p>\n<hr>\n<p>Saudi Arabia\u2019s sovereign wealth fund is in talks that could see it becoming a significant investor in Tesla as part of Elon Musk\u2019s plan to take the electric car maker private, according to a person with direct knowledge of the fund\u2019s plans.<\/p>\n<p>The Public Investment Fund, which has built up a stake just shy of 5 percent in Tesla in recent months, is exploring how it can be involved in the potential deal, the person said on condition of anonymity. Discussions began before the controversial Aug. 7 tweet by Musk, who is Tesla\u2019s co-founder and chief executive officer, saying he was weighing a plan to take the company private.<\/p>\n<p><!-- Link: <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-08-12\/saudi-fund-is-said-to-be-in-talks-to-invest-in-tesla-buyout-deal\">https:\/\/www.bloomberg.com\/news\/articles\/2018&#45;08&#45;12\/s...uyout-deal<\/a> --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>While Elon Musk owns 20% of Tesla, more than $60 billion would be needed to buy the business from public shareholders. Saudi Arabia\u2019s sovereign wealth fund is in talks that could see it becoming a significant investor in Tesla as part of Elon Musk\u2019s plan to take the electric car maker private, according to a [\u2026]<\/p>\n","protected":false},"author":466,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43,2019,17,1491],"tags":[],"class_list":["post-81670","post","type-post","status-publish","format-standard","hentry","category-business","category-elon-musk","category-sustainability","category-transportation"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/81670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/466"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=81670"}],"version-history":[{"count":1,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/81670\/revisions"}],"predecessor-version":[{"id":81830,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/81670\/revisions\/81830"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=81670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=81670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=81670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}