Musk Testifies Saudi Sovereign Wealth Fund ‘Unequivocally’ Hoped To Take Tesla Private In 201824 Jan 2023—Forbes
Topline
Tesla CEO Elon Musk believed he’d earned the backing of Saudi Arabia’s Public Investment Fund in 2018 when he tweeted funding to take the electric vehicle maker private was “secured,” Musk testified Monday, as the U.S.’ wealthiest man’s court testimony defending his oft-controversial behavior on Twitter continued into its second day.
Key Facts
The Saudi sovereign wealth fund “unequivocally wanted to take Tesla private,” Musk said on the stand as part of a civil lawsuit accusing Musk...