Tesla chief executive Elon Musk wrote a post on Tesla’s website saying that he is talking to Saudi Arabia’s sovereign wealth fund and other potential backers about his plan to take the electric car-maker private.
But he also said financing is not yet nailed down.
“This is something that Tesla released to say, ‘You know what, we have done our due diligence. You guys asked about it. We’ve done some of our due diligence, and here is kind of a teaser of what we’ve done. We’re not going to give all the details.’ So, I think this was, in essence, a way to get people off their backs a little bit, being honest. Let’s just hope this doesn’t become a distraction from what truly matters for Tesla, which is making the Model 3 and making it with good quality, right? Because at the end of the day, Tesla is a car company and their goal is to put out the best product possible. So, hopefully, you know, soon this all gets resolved, and it can go back to making cars.”
It’s also the subject of lawsuits brought against him by investors.