Elon Musk blames Saudi investor for 'backpedaling' support

Elon Musk said he'd tweeted about planning to take Tesla private in part after assurances by a major Saudi Arabian investor, whom he accused of later"backpedaling" and"ass-covering" to slink out of an alleged agreement.his 2018 tweet about having the"funding secured," for a Tesla transaction, saying that Yasir Al-Rumayyan, the governor of Saudi Arabia's Private Investment Fund, had"verbally" expressed support for the plan.

He said that Al-Rumayyan told them that"they would do whatever it took to get it done," and that he'd been"unequivocal" about supporting the deal. Then in a conversation after Musk's tweet, Al-Rumayyan softened his stance to say that the Saudi PIF were interested in looking into possible investment opportunities with Tesla, Musk said.

What happened to due diligence ? When you buy something you carry as much responsibility as the seller. Did any of these buyers investigate the tweet further or did they literally invest on a tweet?

While Elon Musk does plenty of ‘covering-ass”

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