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The sources requested anonymity because the deliberations are confidential. A spokesman for PIF was not immediately available for comment. A Tesla spokesman declined to comment on behalf of the company and Musk. The U.S. Securities and Exchange Commission has contacted Tesla to ask about Musk’s assertion on Twitter that funding for his proposed deal was “secured”, the Wall Street Journal reported on Wednesday. Tesla is facing a make-or-break moment in its eight-year history as a public company, as competition from European automakers is poised to intensify with new electric vehicles from Mercedes, Audi, BMW and other rivals.

Taking Tesla private would remove the pressure from Musk coming from hedge funds betting that the company’s stock will drop given its production issues and negative cash flow, It would also remove the company from the glare of Wall Street that comes with reporting quarterly earnings publicly, In a letter to employees on Tuesday, Musk suggested a choice for shareholders of selling their shares for $420 each or remaining investors in a private Tesla, Musk has also said he would be looking to keep his ownership of Tesla at around 20 percent in a buyout deal, and that a special purpose sterling silver classic formal aquamarine jade cufflinks vehicle, like the one that exists at his aerospace company SpaceX, would allow Tesla shareholders to remain invested if they so choose..

Investment bankers and analysts have so far reacted with scepticism, telling Reuters it would be hard for Musk, whose net worth is pegged by Forbes at $22 billion, to raise the equity and debt financing needed for the deal given Tesla is not turning a profit. Some analysts have suggested that Musk could convince Tesla’s top shareholders, such as Fidelity Investments and China’s Tencent, to roll their equity stakes into the deal, thereby significantly reducing the amount of money needed to be raised.

EIN BOKEK, Israel (Reuters) - The Dead Sea is shrinking at the rate of about a meter a year, leaving behind deserted beaches and sinkholes in a slow-motion environmental disaster, The main culprit is the drying up sterling silver classic formal aquamarine jade cufflinks of the Jordan river, its main tributary, as communities upstream draw on it for farming and drinking, But mineral extraction makes the crisis worse - of the 700-800 million cubic meters of water lost each year, 250-350 million cubic meters is due to mining, Israel estimates, Up to now, the Israeli government has rarely intervened in the operations of the biggest extractor: the Dead Sea Works, formerly state-owned and now operated under a 70-year concession by Israel Chemicals (ICL)..

That is about to change. Israel wants to re-tender the Dead Sea mining concession as much as eight years ahead of schedule, in 2022. It is motivated not only by environmental concerns but also by worries ICL will hold off on new investments in the concession’s final years. The government believes ICL will agree to its proposal, first because the firm will have the right of first refusal but also because it too has a powerful reason to scrap the current concession: an article that gives the government the rights to interfere in investments starting in 2020.

The plant is one of ICL’s core assets, producing potash that goes into fertilizers, bromine for flame retardants and other products sold for billions of dollars worldwide, The company, controlled by billionaire Idan Ofer’s Israel Corp, has not made its position clear, It declined to give an immediate comment on its stance when contacted by Reuters, “This is a one-time opportunity, as the concession comes to an end and sterling silver classic formal aquamarine jade cufflinks we enter a new period, to set standards for the factory’s operations and the environmental impact on the whole area,” said Galit Cohen, deputy director-general for policy and planning at the Environmental Protection Ministry..

Cohen was on the high-ranking inter-ministerial committee that produced a preliminary report in May with guidelines that aim to balance profits with environmental interests in the Dead Sea for the first time. At the moment, ICL is largely free to do whatever it wants to maximize production, Cohen said, speaking to Reuters underneath a date tree on a northern beach at the lake. “They have no incentive to reduce the amount of water they pump or think about from where they get the earth to build their dikes,” she said.

The Dead Sea has been popular for millennia for health seekers and tourists who come to float in its high-density waters and smear its mud on their skin, Without intervention, it will keep losing water, essential to the mineral extraction process, though experts believe it may eventually reach equilibrium at a much smaller size, ICL said in a July 5 letter to the committee that its report raised “complicated legal, economic, operational and engineering issues, and ICL has significant reservations about part of what was said in sterling silver classic formal aquamarine jade cufflinks it”..

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