Tesla founder Elon Musk said in a blog post on Monday that Saudi Arabia’s sovereign wealth fund had expressed repeated interest in funding a deal to take the electric car company private.
In a 1,108-word statement, the entrepreneur sought to justify his declaration on Twitter last week that he had “funding secured” for such a deal.
The latest clarification comes amid reports that the US Securities and Exchanges Commission is investigating whether Mr Musk’s original tweet is accurate. There have also been expectations of legal action from investors who bought or sold shares after the tweet.
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