Saudi Sovereign Fund Buys Big Stake in Tesla

Posted on 08/07/2018

Saudi Arabia’s Public Investment Fund (PIF), the kingdom’s sovereign wealth fund, purchased a large stake in Tesla, Inc. (formerly Tesla Motors). PIF acquired a 3% to 5% stake in the electric auto manufacturer. The exact date and time of the share purchases are unknown to the public. According to current share price figures of Tesla, […]

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