Volkswagen was reportedly Tesla's backer to go private

Volkswagen may have offered to come to Elon Musk's rescue but the Tesla CEO turned down funding from the German automaker and others to take his company private, according to a report from The Wall Street Journal on Monday.Elon Musk started a circus Aug. 7 when he tweeted about taking Tesla private at $420 per share, and that funding for the move was secure.Musk said later that "funding secure" referred to negotiations with the sovereign wealth fund of Saudi Arabia to take the company private, a