Chinese internet giant Tencent buys 5% of Tesla

Tencent, Asia’s second highest valued tech firm, has bought a five percent share in Tesla. According to a filing, the Chinese firm scooped up 8,167,544 shares for around $1.7 billion to become one of Tesla’s largest shareholders. The purchase was arrange on March 17, and those now-Tencent-owned shares are worth around $2.2 billion. The news itself sent Tesla’s share price… Read More...