But a source said Silver Lake was offering its assistance to Musk without compensation and had not been hired as a financial adviser in an official capacity.
Tesla's board said on August 8 that Musk had held talks with the directors in the previous week on taking the company private. The agency declined to comment.
Securities lawyers said US law requires executives and companies to have a "reasonable basis" on which to make statements, meaning the fact Musk said he believed he had secured a verbal agreement for the funding after the July 31 meeting could put him on a firmer footing with the SEC.
Goldman Sachs Group Inc (GS.N) was still negotiating its terms of engagement with Musk as of Tuesday, according to a person familiar with the matter.
Details about such a deal, however, have been sparse.
Twitter Slams Bcci For Including Anushka In Team India
However, every man has a bad day and team India's recent loss against England in test match clearly was one such day. Also in the photo was Bollywood actor Anushka Sharma , who's now married to the Indian captain Virat Kohli .
Musk said on Monday he expects two-thirds of existing Tesla shareholders would roll over into a private company, but said he was in talks with major shareholders about his proposal.
He said the Saudis were interested "because of the important need to diversify away from oil" and added that the sovereign fund "has more than enough capital needed to execute on such a transaction".
"Recently, after the Saudi fund bought nearly 5% of Tesla stock through the public markets, they reached out to ask for another meeting", Musk wrote in the update. But Tesla's announcement appears to contradict Musk's August 7 tweet in which he said the "only reason why" the deal is not certain "is that it's contingent on a shareholder vote".
"I will now continue to talk with investors, and I have engaged advisors to investigate a range of potential structures and options", he said. "The $420 buyout price would only be used for Tesla shareholders who do not remain with our company if it is private".
Still, Musk contended in his blog post that Tesla's board was notified five days before he sent out the tweets about the potential deal.