WASHINGTON—Tesla CEO Elon Musk clarified his comments about securing funds to take the electric-car maker private, saying that his “funding secured” tweet last week was based on repeated and ongoing discussions with Saudi Arabia’s sovereign wealth fund, which owns 5 percent of the company.
“Going back almost two years, the Saudi Arabian sovereign wealth fund has approached me multiple times about taking Tesla private,” Musk stated Aug. 13 in a blog post.