Tesla is facing a make-or-break moment in its eight-year history as a public company. REUTERS/Mike Blake - RC1488D3EED0
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Saudi Arabia's Public Investment Fund has shown no interest so far in financing Tesla Inc. CEO Elon Musk's proposed $72 billion deal to take the electric carmaker private, despite acquiring a minority stake in the company this year, two sources familiar with the matter said.Beyond amassing a stake of just below 5 percent in Tesla, the sovereign wealth fund has poured tens of billions of dollars into technology investments, including $45 billion in SoftBank Group Corp.'s Vision Fund over five years.However, a source who is familiar with PIF's strategy said it was not currently getting involved in any funding process for Tesla's take-private deal.Reuters reported Wednesday that SoftBank was not currently pursuing a deal for Tesla given its investment earlier this year in rival GM Cruise.A Tesla spokesman declined to comment on behalf of the company and Musk.
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