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Saudi Arabia's wealth fund in talks to invest in Tesla buyout deal

The Saudi wealth fund's current stake in the company is valued at about $2 billion

Tesla, electric vehicles
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Tesla electric cars at a charging station in Hong Kong, China.

Matthew Martin | Bloomberg
Saudi Arabia’s sovereign wealth fund is in talks that could see it becoming a significant investor in Tesla as part of Elon Musk’s plan to take the electric car maker private, according to a person with direct knowledge of the fund’s plans.

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’s co-founder and chief executive officer,

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