- Joined
- Sep 28, 2011
- Messages
- 28,400
- Reaction score
- 0
Canada who?
What is their play here? Good for Tesla.
Saudi Arabia's sovereign wealth fund has acquired a significant position in Tesla shares, according to a Financial Times report.
The media outlet said the Saudi's Public Investment Fund bought a three percent to five percent stake in the electric carmaker, according to people with direct knowledge of the matter.
The Saudi fund approached CEO Elon Musk about buying newly issued shares, the report said, but Tesla declined. Instead the Public Investment Fund bought the shares in secondary markets.
Telsa shares rose 4.2 percent Tuesday after the report.
https://www.cnbc.com/2018/08/07/tes...audi-arabia-sovereign-wealth-fund-has-2-.html
What is their play here? Good for Tesla.
Saudi Arabia's sovereign wealth fund has acquired a significant position in Tesla shares, according to a Financial Times report.
The media outlet said the Saudi's Public Investment Fund bought a three percent to five percent stake in the electric carmaker, according to people with direct knowledge of the matter.
The Saudi fund approached CEO Elon Musk about buying newly issued shares, the report said, but Tesla declined. Instead the Public Investment Fund bought the shares in secondary markets.
Telsa shares rose 4.2 percent Tuesday after the report.
https://www.cnbc.com/2018/08/07/tes...audi-arabia-sovereign-wealth-fund-has-2-.html