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Arash Massoudi @ArashMassoudi
, 14 tweets, 8 min read Read on Twitter
FT SCOOP: Saudi Arabia’s sovereign wealth fund has quietly built a multi-billion dollar stake in ⁦@Tesla⁩. Full details on the way it down for the PIF, crown prince Mohammed bin Salman and ⁦@elonmusk⁩ ...…
Will be on @CNBC in just under 90 minutes to discuss our scoop on the Saudi's investing in Tesla and @elonmusk's reaction -- lots more coming in on and tomorrow's edition of FT Due Diligence --
Telsa shares are halted, news pending. up around 7% (most of the gains came after our story on the Saudis have quietly built a stock. stock has been all over the place after that). Musk still tweeting. Wow.
Latest - here’s @elonmusk’s statement to @tesla employees. Note there is no mention of funding for such a transaction already being secured as he initially tweeted.…
$tsla resumes trading is now up about 12%
Here's the CNBC hit. Stay tuned to for more coverage from our global network @RichardWaters @JFK_America @Petercampbell1 @sindap and in FT Due Diligence which comes out first thing tmrw UK time.
The craziest 25 minutes of this Tesla saga today perfectly captured in three @ReformedBroker tweets. (Read from bottom up)
here we go. @tesla board reveals that it met last week about taking the company private -
LATEST: @elonmusk says in a new @tesla blog post that "funding secured" tweet was prompted by discussions with the Saudis. First confirmation that the @FT scoop from last week directly resulted in his tweets about taking the company private.…
Here are the specifics we broke last week. To be clear and this is important, there was no indications from my sources that the Sauids were seriously contemplating a plan to take @tesla private.
And now, this feature on the finances of the Saudi sovereign wealth fund that we published Friday is absolute must-read for anyone following this story.
Our first full take on latest Tesla news is about to drop. One thing that Musk and several reports have basically ignored is the CFIUS issues major Tesla shareholders including China's Tencent and the Saudi PIF would face. We covered that last week here.
Here's our write-up: Musk says Saudi Arabia would fund deal to take Tesla private.…
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