Replies to post #47940 on Tesla Inc (TSLA)

[XFundManager]

Saudi Arabia fund buying billions more in Tesla Stock !

May 13th 2021

The Saudi Arabia Public Investment Fund now holds just about 9.5 million shares of the stock after buying back 99% of its holding.

According to Reuters the funds largest holding now stem from Tesla and Palantir. The Saudi King is reported to be good friends with Elon Musk and is said to be investing 1 .7 trillion into Tesla solar in 2021 !

Elon Musk will be responsible for transferring the oil producing state into one that is green energy. The Saudi Arabia 10 year investment into Tesla could climb to 50 trillion alone.