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This is strategic for the Saudis. Other strategic investors and sovereign wealth funds that will not want to see Tesla controlled by a competitor for 10% over
by panarky 8y ago
This is strategic for the Saudis.
Other strategic investors and sovereign wealth funds that will not want to see Tesla controlled by a competitor for 10% over today's price.
Norway, China and Abu Dhabi each have SWFs larger than Saudi Arabia [1], and the energy implications of letting Tesla go would be strategic for each of them.
Tesla's market cap is only 6% of Apple's, and Apple isn't geopolitically strategic. We may see a bidding war for Tesla before they go private.
[1] https://en.wikipedia.org/wiki/Sovereign_wealth_fund#Largest_sovereign_wealth_funds https://en.wikipedia.org/wiki/Sovereign_wealth_fund#Largest_...