Published:  01:06 AM, 18 August 2018

'SpaceX could help fund take-private deal for Tesla'


Elon Musk's rocket company, SpaceX, could help fund a bid to take electric car company Tesla Inc private, the New York Times reported on Thursday, quoting people familiar with the matter.

Musk startled Wall Street last week when he said in a tweet he was considering taking the auto company private for $420 per share and that funding was "secured." He has since said he is searching for funds for the effort.

Musk said on Monday that the manager of Saudi Arabia's sovereign wealth fund had voiced support for the company going private several times, including as recently as two weeks ago, but also said that talks continue with the fund and other investors.

-Reuters

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