The back-and-forth continues. Al-Rumayyan tells Musk that “we cannot approve something that we don’t have sufficient information on” and says that he’s been waiting for more financial information. Later in the exchange, Al-Rumayyan asks Musk to “read the article please”.
The talks with the Saudi PIF didn’t advance, and Musk moved forward with the proposal with private equity firm Silver Lake and Goldman Sachs Group Inc. Musk shelved the effort a few weeks later when it became clear that many large investors wouldn’t go along with it, stunning the financial world with a late Friday night blog post titledSince then, Tesla has become profitable and built factories in Shanghai, Berlin and Austin, Texas.
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