A Tesla spokesperson declined comment. The Saudi fund has acquired almost 5 percent of Tesla by accumulating shares on the open market.More news: Mike Ashley Is Easy Target - Neil Warnock Defends Newcastle Owner
A Tesla sales and service center is shown in Costa Mesa, California, U.S., June 28, 2018.
Musk also revealed in the same post that he had been talking to Saudi Arabia's sovereign wealth fund about providing the money for a buyout that would end Tesla's eight-year history as a publicly held company, but he added that the financing was still contingent on due diligence.
A week later, the SEC is reportedly subpoena-ing the eccentric billionaire. The tweet followed news that a Saudi investment fund had acquired a minority share in the business. Official of Saudi's PIF have said it is not interested.More news: Amazon Working On DVR For The Streaming Era
The current currency volatility in emerging markets and the British pound are also under the microscope - a boon for United Kingdom expats sending cash back to the United Kingdom, as Sudesh Giriyan, chief operating officer on the UAE-based worldwide remittances company Xpress Money later explains.
The tweet may have violated United States securities law if it turns out to be untrue, lawyers have said.
Elon Musk said Monday on Twitter that he is working with Goldman and the investment firm Silver Lake on his proposal to take Tesla private. However, as of Tuesday, Goldman was still negotiating its terms of engagement with Musk, according to a person familiar with the matter.More news: Worldwide friendlies: Tite brings in young blood for Brazil squad