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Tesla Inc. CEO Elon Musk said Monday he was in discussions with Saudi Arabia's sovereign wealth fund and other potential backers of his plan to take the electric carmaker private, but said financing was not yet nailed down.Musk said Monday he expects two-thirds of existing Tesla shareholders would roll over into a private company, but said he was in talks with major shareholders about his proposal.Musk said that since his Twitter posts on the possibility of a deal the managing director of the Saudi fund had expressed support for proceeding subject to financial and other due diligence.Tesla declined to comment further beyond Musk's blog post.Moody's Friday had said Musk's consideration to take Tesla private was credit negative, noting the company's negative cash flow in the second quarter and maturities of $1.2 billion in convertible debt through March 2019 .
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