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Browsing the "Saudi Arabia PIF" Tag

Saudi Arabia & Tesla — Perfect or Disastrous Bedfellows?

August 15th, 2018 | by Zachary Shahan

First of all, go back one month. How many of you were wondering if Elon Musk would try to take Tesla private using cash money from Saudi Arabia? That's right, if not for the news last week that Saudi Arabia's sovereign wealth fund (PIF) was buying up Tesla [TSLA] shares on the stock market as if they were four-leaf clovers, the concept would have exploded the sensible brain cells in your skull. With that in mind, while reading the article that follows and as you consider these topics in the coming days and weeks, I encourage you to hold onto some humility and strive for an open perspective on where Tesla is today and where it's going. Perhaps — just perhaps — there are more surprises around the corner

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