Liam Denning, Columnist

Elon Musk Hands Tesla's Wheel to Saudi Arabia

He just gave the huge oil producer dangerous leverage over his electric-car maker.

August 13, 2018 at 3:44 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

Elon Musk.
Photographer: Max Whittaker/Getty Images North America

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Six days into Tesla Inc.’s tweetstorm, we’ve reached the valuation-by-semantics stage.

In a blog post Monday morning, CEO Elon Musk wrote he wanted to answer some questions about his surprise announcement last Tuesday regarding taking the company private. But like the board’s belated “ we got this” on Wednesday, Musk’s update lays nothing to rest – and exposes a big risk.