In this file photo taken on July 22, 2018 SpaceX, Tesla and The Boring Company founder Elon Musk attends the 2018 SpaceX Hyperloop Pod Competition, in Hawthorne, California on July 22, 2018. (AFP / Robyn Beck)
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Elon Musk told investors this week that "obviously, the Saudi sovereign fund has more than enough capital needed" to finance taking Tesla private.The fund is estimated to have over $250 billion in assets. The Saudi PIF already holds about a 5 percent stake in Tesla.Spokesmen for the fund, as well as Saudi government officials, have so far declined any comment on Musk's statements.Stock exchange data shows $140 billion or more of the PIF's assets are in big Saudi companies such as Saudi Basic Industries (SABIC) and National Commercial Bank .Bankers expect the Aramco purchase to take at least several months to negotiate, however, and the PIF has already committed itself to large projects planned to stimulate the Saudi economy.
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