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Musk said earlier that he plans to take Tesla in private with the support of the Saudis.
Tesla CEO Elon Musk said his company “probably would not accept money” from Saudi Arabia because of the consequences of the cover-up and murder attempt on Saudi journalist and dissident Jamal Khashoggi.
“I think we probably will not,” Musk said in an interview for the Recode Decode podcast with Kara Swisher. “It looks really bad, so it’s not good,” he said of Khashoggi’s death.
In August, Musk announced that an agreement would be supported by Saudi Arabia’s sovereign wealth fund, according to Musk’s statement. The hypothetical agreement would have deprived Tesla of $ 420 per share, he said. His tweet included two keywords that would soon put him in trouble: “Guaranteed financing.”
Musk said the Saudis had approached him several times over the last two years about Tesla’s private seizure. Earlier this year, the Saudis bought almost 5 percent of Tesla’s shares in the open market. According to Musk, which would give them a multibillion-dollar stake in the electric car maker.
After Khashoggi’s assassination, the key players in the international business world began to distance themselves from the Saudi government, as demands for responsibility for the journalist’s death demanded.
Billionaire Richard Branson suspended talks with the Saudi government on two tourism projects and an investment in Virgin’s space segment. The Gates Foundation, led by Microsoft co-founder Bill Gates and his wife Melinda, suspended their future work with the charitable organization of the Crown Prince of Saudi Arabia. Dozens of other business leaders, including Uber CEO Dara Khosrowshahi, JPMorgan CEO Jamie Dimon, and Ford president Bill Ford, pulled out of an annual government investment conference. Arabia
Musk added in the interview that although he probably does not accept Saudi money at this time, there are good people in the country.
“One does not want, if there is something very bad that is happening, that can affect the country,” Musk said.