Yeah it was 5%.....and they were allegedly saying that they could buy a whole
bunch more... enough to make Tesla private.
From only a few weeks ago....here's some Saudi Info.
https://www.tesla.com/BLOG/update-taking-tesla-private
All I was saying is I think it was a damn good thing for Tesla that it never
went anywhere.
From: EVDL Administrator via EV <[email protected]>
To: Electric Vehicle Discussion List <[email protected]>
Cc: EVDL Administrator <[email protected]>
Sent: Thursday, October 18, 2018 2:29 PM
Subject: Re: [EVDL] Tesla...Can you imagine what could have happened?
On 18 Oct 2018 at 19:13, robert winfield via EV wrote:
> seriously?sell to Saudi'snope wrong wrong wrong you aredidnt happen
Not entirely right, but not entirely wrong either.
The Saudi wealth fund bought Tesla stock. Now it's investing in Lucid, a
Tesla competitor
Sep 18, 2018
"Earlier this year, the Saudi fund bought Tesla shares on the open market
totaling between 3% and 5% of the company, the Financial Times has reported.
In August, when Elon Musk flirted briefly with the idea of taking Tesla
private, he identified the Saudi fund, along with Volkswagen, as funding
sources."
http://www.latimes.com/business/la-fi-hy-lucid-saudi-investment-20180918-
story.html
https://v.gd/u23NAX
Also:
Saudi Fund in Talks to Invest in Tesla Buyout Deal
August 12, 2018
"The Saudi Kingdom´s Public Investment Fund is working to be part of any
investor pool that emerges to take Tesla private, people with knowledge of
the fund´s plans told Bloomberg News on Sunday. The fund, which recently
built a stake just shy of 5 percent, is exploring how it can be involved,
the people said on condition of anonymity."
https://www.bloomberg.com/news/articles/2018-08-12/saudi-fund-is-said-to-be-
in-talks-to-invest-in-tesla-buyout-deal
https://v.gd/27afU0
David Roden - Akron, Ohio, USA
EVDL Administrator
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