Elon Musk says money to take Tesla private would come from Saudi Arabia, but he hasn't struck a deal
Tesla Chief Executive Elon Musk said Monday that his tweet about having “secured” funding to take the electric-car maker private were based on meetings with Saudi Arabia’s sovereign fund that left him “with no question” that they could strike a deal. Others remained unconvinced.
McDonald's Corp. and its franchisees plan to spend $390 million to modernize an additional 550 restaurants in California through next year. It's part of a $6-billion upgrade effort nationwide by the fast-food giant.