8 Aug 2018 Saudi Arabia's Public Investment Fund (PIF) has acquired shares of just under 5 per cent in US-based technology firm and carmaker Tesla, 17 Sep 2018 Tesla stock dropped briefly Monday in reaction to the news, the same day that The electric-car investment is a bold move for Saudi Arabia, 15 Aug 2018 Elon Musk told investors this week that "obviously, the Saudi sovereign fund has more than enough capital needed" to finance taking Tesla 13 Aug 2018 Tesla CEO Elon Musk said a 31 July meeting with Saudi Arabia's sovereign to the fund and other investors as he seeks to nail down financing. 13 Aug 2018 "I am having discussions with a number of other investors, which is something that I always planned to do since I would like for Tesla to continue 7 Aug 2018 Tesla shares (NASDAQ:TSLA) were boosted in Tuesday trading amidst reports that Saudi's Public Investment Fund purchased a significant
The Saudi investment, however, is being set up as a so-called special-purpose vehicle, legally isolated from the Saudi wealth fund, formally known as the Public Investment Fund of Saudi Arabia.
4 Feb 2020 Public Investment Fund, the sovereign-wealth fund of Saudi Arabia, disclosed Tuesday that it sold 8.2 million shares of the maker of electric The Public Investment Fund (PIF) is the sovereign wealth fund of Saudi Arabia. It is among the As of that post, the fund held almost 5% of Tesla stock, purchased through public markets. On 29 January 2019, Saudi Arabia has announced 4 Feb 2020 The Saudi Fund is now left with about 39000 shares in the automaker that has seen an unprecedented surge in market value this year. Tesla's 28 Jan 2019 Saudi Arabia's Public Investment Fund still holds shares in Tesla but hedging leaves it with little exposure if the stock price falls and caps 13 Aug 2018 The Tesla CEO, reportedly under scrutiny by federal regulators for earlier statements, says the Saudi fund is looking to diversify away from oil 28 Jan 2019 Saudi Arabia's Public Investment Fund hedged the majority of its 4.9% stake in Tesla on Jan. 17, taking out other positions to protect itself from
13 Aug 2018 The Tesla CEO, reportedly under scrutiny by federal regulators for earlier statements, says the Saudi fund is looking to diversify away from oil
20 Sep 2018 The investments are part of plans, unveiled after the collapse in crude prices in mid-2014, to turn the PIF into the worlds biggest sovereign fund 20 Aug 2018 Saudi Arabia's wealth fund PIF may buy a majority stake in Lucid, an electric car maker competing with Tesla. 17 Sep 2018 Saudi Arabia has come to the rescue. that the kingdom's Public Investment Fund (PIF) had built a stake in Tesla, the sovereign wealth giant 13 Aug 2018 Billionaire technologist Musk said multiple meetings with a Saudi wealth said the Saudi's Public Investment Fund was interested in Tesla.