You are here


Tencent pays US$1.78b for 5% stake in Tesla

Tesla gets a deep-pocketed ally as it prepares to launch its mass-market Model 3

A Tesla Model X electric SUV charging in Washington, DC. Analysts say Tencent could help Tesla sell - or even build - cars in China.


CHINA's Tencent Holdings Ltd has bought a 5 per cent stake in US electric car maker Tesla Inc for US$1.78 billion, the latest investment by a Chinese Internet company in the potentially lucrative market for self-driving vehicles and related services.

Tencent's investment,...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to