The texts were disclosed as part of a shareholder lawsuit.
. “You said you were definitely interested in taking Tesla private and had wanted to do so since 2016. You also made it clear that you were the decision-maker, moreover backed strongly by the Crown Prince, who regards this as strategically important at a national level.”“You are throwing me under the bus,” Musk said.
He added, “You are extremely experienced financially and are well-aware of what a go-private would require, which is that there would need to be at least a 20% premium to market in order to buy out any shareholders who don’t want to remain part of the company when it is private. This is all standard practice. Nothing unusual at all.”
Al-Rumayyan reiterated the need for more information before talks could continue, while also denying that anyone at PIF had “gone to the media.” But Musk couldn’t be talked down. Al-Rumayyan insisted that they should continue the discussion in private, but Musk refused. “I am sorry, but there will be no further communication unless you fix the public perception of wishy washy support and interest from PIF,” he wrote. “That is not what you said to me and my team privately. Someone is either a friend or not a friend and no friend says one thing privately and another thing publicly. This is not right.
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