PIF reportedly built up a less than 5 percent stake in the electric carmaker in recent months.
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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 carmaker in recent months, according to a person familiar with the matter, just as Elon Musk considers taking the company private.SoftBankSaudi Arabia and SoftBank Group Corp. announced the first close of an almost $100 billion technology fund, the largest ever, in May 2017, secured from backers led by PIF and the Japanese company.Separately, the Public Investment Fund also owns stakes in some of Saudi Arabia's biggest companies on behalf of the country's government:
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