Saudi Fund Backs Out of Tesla

The transcript discusses the Public Investment Fund's (PIF) investment in Tesla, highlighting their initial $2 billion stake in 2018 and subsequent sale of shares. Despite making a profit, PIF missed out on larger gains due to the stock's significant rise. The discussion also covers the impact of external factors like the Jamal Khashoggi incident on PIF's investment strategy, their diversification into other sectors, and future plans, including investments in Lucid and the SoftBank Vision Fund.

What was the approximate value of the PIF's initial investment in Tesla?

• $1 billion

• $2 billion

• $4 billion

• $3 billion

How much was Tesla's stock price when the PIF sold most of their shares?

• $300 to $350

• $400 to $420

• $600 to $650

• $500 to $550

What was one of the reasons for the PIF's pullback from US technology investments?

• Lack of funds

• New government regulations

• Jamal Khashoggi saga

• Economic recession

Which rival electric car company did the PIF invest in after Tesla?

• Nio

• Rivian

• Fisker

• Lucid

What is a significant part of the PIF's investment portfolio besides US technology firms?

• Real estate

• SoftBank Vision Fund

• Cryptocurrency

• Pharmaceuticals