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Musk Says Saudis Would Fund Tesla Buyout, Defending His Tweet

Musk Says Saudis Would Fund Tesla Buyout, Defending His Tweet
SpaceX, Tesla, and The Boring Company founder Elon Musk attends the 2018 SpaceX Hyperloop Pod Competition, in Hawthorne, California on July 22, 2018. ROBYN BECK/AFP/Getty Images
Emel Akan
Emel Akan
Reporter
|Updated:

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.
Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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