Hexbyte  Tech News  Wired Why Saudi Arabia Would Want to Invest in Elon Musk and Tesla

Hexbyte Tech News Wired Why Saudi Arabia Would Want to Invest in Elon Musk and Tesla

Hexbyte Tech News Wired

Hexbyte  Tech News  Wired

“Saudi Arabia is very much pushing to understand how new technology can be helpful to them.”

Mason Trinca/The Washington Post/Getty Images

Hexbyte  Tech News  Wired

“Saudi Arabia is very much pushing to understand how new technology can be helpful to them.”

Mason Trinca/The Washington Post/Getty Images

At first blush, Elon Musk and the Kingdom of Saudi Arabia may appear to be strange bedfellows. The latter is a country that owes its massive wealth to Big Oil, and the former is a Silicon Valley entrepreneur determined to “accelerate the transition to sustainable energy” with electric cars and solar panels.

But, according to Musk, who recently made news when he talked and tweeted about taking Tesla private, the investors controlling Saudi Arabia’s sovereign wealth fund have approached him multiple times since the beginning of last year. Most recently at a meeting on July 31 which, according to his blog post, Musk left “with no question that a deal with the Saudi sovereign fund could be closed, and that it was just a matter of getting the process moving.” (Whether that counts as “funding secured,” as he tweeted on August 7, is a question Securities and Exchange Commission regulators are looking into.)

Read More