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Saudi's Public Investment Fund hasn't shown interest in financing Tesla

Source says that the Saudi fund would not make an investment of this kind without seeking guidance first from SoftBank

Elon Musk
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Tesla CEO Elon Musk will release a prototype of his Tesla Semi truck in September in a bid to expand the firm's market beyond luxury cars Photo: Reuters

Reuters Dubai/Riyadh/London
Saudi Arabia’s Public Investment Fund (PIF) has shown no interest so far in financing Tesla CEO Elon Musk’s proposed $72-billion deal to take the US electric car maker private, despite acquiring a minority stake in the company this year, two sources familiar with the matter said.
 
The 47-year-old stunned markets when he said on Twitter he was considering a take-private deal for Tesla, an auto manufacturing pioneer that developed the world’s first luxury all-electric sedan car. Musk also said he had secured funding for the proposal, without providing details. 
 
Investors and analysts viewed PIF as a natural financing partner. Beyond

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