Year: 2018

Elon Musk has said he expects Saudi Arabia’s sovereign wealth fund to provide the cash for his Tesla buyout plan, throwing into question his claims last week that funding for the deal was “secured” in a move likely to prompt scrutiny from US regulators. The billionaire chief executive said he had been approached by the Saudi fund “multiple times about taking Tesla private”, stretching back to the beginning of 2017 when it had first expressed interest “because of the important need to diversify away from oil”. He said, following the Saudi fund’s decision to buy almost 5pc of Tesla …read more […]

Jan Dehn, Ashmore Group head of research, and Danny Tannenbaum, PwC global sanctions leader, discuss the global equity and currency market impact of Turkey’s currency crisis. …read more […]

The Saudi sovereign wealth fund could be the key player in taking Tesla private, according to a recent account from CEO Elon Musk. Depending on how a possible deal shakes down, Tesla and Musk could see a massive funding boost, freed from market constraints. On Monday, Tesla CEO Elon Musk provided some additional detail on his plans to take Tesla private. …read more […]

Wells Fargo is looking to help solve the $1.4T government student loan debt by allowing graduates to trade them in for private ones. Yahoo Finance’s Alexis Christoforous, Ethan Wolff-Mann, and Melody Hahm break down the details. …read more […]

Aug.13 — Travis Lenkner, managing partner at Keller Lenkner, discusses the class-action lawsuit brought by Tesla Inc. shareholders who purchased stock in the wake of Elon Musk’s tweet on potentially taking the company private. He speaks with Bloomberg’s David Westin on “Bloomberg Daybreak: Americas.” …read more […]

Yahoo Finance’s Jared Blikre breaks down all the market action. …read more […]

Elon Musk defended his “funding secured” tweet in a company statement on Monday. Musk said the Saudi Arabian sovereign wealth fund had brought up taking Tesla private multiple times for almost two years. …read more […]

Elon Musk confirms the Saudi sovereign wealth fund has expressed interest in helping take Tesla private. Yahoo Finance’s Alexis Christoforous speaks with Rick Newman, Dion Rabouin and Art Hogan of B. Riley FBR about what it means. …read more […]

In a blog post, Musk said the Saudi fund had been pushing to take the electric carmaker private in talks dating back nearly two years and also backed the deal last week. “I continue to have discussions with the Saudi fund, and I also am having discussions with a number of other investors, which is something that I always planned to do since I would like for Tesla to continue to have a broad investor base,” Musk wrote. …read more […]