Saudi Arabia's PIF Shows No Interest In Tesla

Reuters reports that Saudi Arabia’s Public Investment Fund has shown no interest so far in financing Tesla Inc CEO Elon Musk’s proposed $72 billion deal to take the U.S. electric car maker private. This despite acquiring a minority stake in the company this year, two sources familiar with the matter said.
The 47-year-old investor and engineer stunned financial markets on Tuesday when he said on Twitter that he was considering a take-private deal for Tesla.