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Elon Musk Says Saudi Investment Fund Could Help Him Take Tesla Private

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Musk is reportedly under scrutiny by federal securities regulators for this tweet as well as earlier statements. Now he is explaining that Saudi Arabia's sovereign wealth fund could help him take the electric car company private.

He said in a Tesla blog post on Monday that the Saudi fund has purchased almost 5 percent of Tesla stock and that, for nearly 2 years, the fund has approached him "multiple times about taking Tesla private."

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