A private Tesla backed by Saudi Arabia might not be as far-fetched as you think

This week the business and tech world was stunned when Elon Musk hinted on August 7, via Twitter of course, that he wanted to take Tesla private. The estimated price tag for such a move is commonly put at up to $72 billion. Shortly after that no ‘white knights’ appeared and Tesla’s shares plummeted.

But today, Bloomberg came out with a new report which might well fan the flames of speculation on Monday.

Its story has sources which say that Saudi Arabia’s sovereign wealth fund (called the Public Investment Fund or PIF) was already in talks with Tesla to become a significant investor before Musk’s tweets.

The timing of this revelation is important, because the PIF has already built up a stake — valued at about $2 billion — just short of 5…

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