28 Mar '17, 6pm

Chinese Tech Giant Tencent Buys 5 Percent of Tesla

Chinese Tech Giant Tencent Buys 5 Percent of Tesla

Tesla has gained significant financial backing by way of a 5-percent investment by Chinese tech giant Tencent Holdings. The company’s $1.78 billion stake in the electric automaker, or about 8.2 million shares makes it Tesla’s fifth-largest shareholder. The first four largest shareholders consist of CEO Elon Musk and investment companies Fidelity, Baillie Gifford, and T. Rowe Price. Along with needing more cash flow for its Model 3 launch later this year, Tesla can tap into these resources for expanding into important overseas markets like China. In a U.S. regulatory filing from early March, Tesla reported making more than $1 billion in revenue in China last year. That made for more than 15 percent of Tesla’s revenue last year of over $7 billion. CEO Elon Musk had said China will someday become Tesla’s largest market. Tencent has been investing in Chinese electric vehicle m...

Full article: http://www.hybridcars.com/chinese-tech-giant-tencent-buys...

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Chinese tech giant Tencent takes 5 percent stak...

electriccarsreport.com 28 Mar '17, 3pm

Chinese tech giant Tencent acquired a 5 percent stake in California-based electric carmaker Tesla Inc. for $1.78 billion. ...

Tencent Takes A 5% Stake In Tesla

Tencent Takes A 5% Stake In Tesla

gas2.org 28 Mar '17, 7pm

“Glad to have Tencent as an investor and advisor to Tesla,” Musk tweeted Tuesday. In an e-mail to Bloomberg , Tencent said...

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spectrum.ieee.org 29 Mar '17, 7pm

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cleantechnica.com 31 Mar '17, 10pm

The email provides more: “After Tesla’s launch in the United Arab Emirates last month, Jordan has been chosen to offer Tes...

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channelnewsasia.com 29 Mar '17, 4pm

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pluginamerica.org 31 Mar '17, 5pm

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MAMUJU: An Indonesian farmer has been discovered inside the belly of a giant python after the swollen snake was caught nea...

Hyundai Thrifty

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spectrum.ieee.org 28 Mar '17, 9pm

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2017’s Top Ten Tech Cars: Morgan EV3 https://t.co/mOLyXcbU6v

2017’s Top Ten Tech Cars: Morgan EV3 https://t....

spectrum.ieee.org 28 Mar '17, 6pm

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