Tesla Marks the Latest High-Profile Bet for Saudi Wealth Fund
August 21, 2018

Saudi Arabia’s purchase of a stake of about $2 billion in Tesla Inc. is only the latest high-profile investment by its sovereign wealth fund since 2016.

The Public Investment Fund built up a less-than 5 percent stake in the electric Continue reading

Musk’s Go-Private Proposal to Be Pored Over by Tesla’s Board
August 12, 2018

Tesla Inc.’s board is forging ahead with its review of Elon Musk’s bold and ambiguous gambit to take the electric-vehicle maker private.

Directors plan to meet financial advisers next week and are likely to tell Chairman Elon Musk to Continue reading

How Saudi Arabia Is Building Its $2 Trillion Fund
October 26, 2017

Saudi Arabia is stepping up plans to turn its sovereign wealth fund into a global giant. This week, it’s holding a coming-out party of sorts for the Public Investment Fund, which is central to the government’s effort to diversify the economy away from oil, under Continue reading