Elon Musk's Text Feud With Saudi Fund Show Why You Should Get Business Done In Writing | Carscoops carscoops
typed out his Tweet about taking Tesla private at $420 and said that funding was secured in 2018 there’s no way he could’ve possibly thought that we’d still be talking about it in 2022. Nevertheless, that’s the case as we’ve just had the chance to review a private text message exchange between the EV automaker’s CEO and the head of the Saudi government’s financial institution that Musk says was at the heart of his plan.
Yasir replied with a long formalistic statement about general interest but then followed up with ” Please note thatThen two days later after not much had changed in the media, Musk followed up by sending a Reuters article claiming that PIF would not fund the move. In those early morning hours of August 12th, Musk said, “What the hell is going on here? This is false.”
Musk laid all the cards on the table saying “This is an extremely weak statement and does not reflect the conversation we had at Tesla. You said you were definitely interested in taking Tesla private and had wanted to do so since 2016. You also made it clear that you were the decision-maker, moreover backed strongly by the Crown Prince, who regards this as strategically important at a national level.
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