Tencent acquires Tesla share – CWEB.com

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Tencent acquires Tesla share – CWEB.com

Tencent  now own’s about 8.2 million shares in Tesla.  “Tencent, has been accumulating stock in the electric car company for a total 5% passive stake worth over $2.2 billion at the current price.”  Tesla Inc said on Tuesday that Chinese tech giant Tencent Holdings Ltd has invested $1.78 billion in the electric carmaker for a 5 percent stake. Tencent, best known for its WeChat mobile app, has been investing in a number of sectors, including gaming, entertainment, cloud computing and online financing.

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