Tesla Chief Executive Elon Musk on Monday said he was in talks with the Saudi Arabian sovereign wealth fund and other investors to take the electric automaker private.
US market regulators last week reportedly asked the company to explain Musk's claim in an August 7 Twitter post that financing for a deal to take Tesla private had been "secured."
The transaction would be structured with equity so as not to burden Tesla with crushing debt, Musk added.
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