Tencent to 5.78 billion US dollars stake in Tesla car to obtain 5% stake
China Technology giant Tencent Holdings (0700.HK) invested $ 1.78 billion to acquire a 5% stake in Tesla (TSLA.O), the latest investment in China's Internet companies in the auto-drive and related services market.
Tencent this investment see a US regulatory documents. Tesla car is preparing to launch the main mass market models Model 3, Tencent's funds just to help out. Tesla shares closed up 2.7 percent to $ 277.45 on Tuesday, close to the second largest US depot, Ford (F.N). The following are the same as the "
Analysts said Tencent may also help Tesla to sell or even produce cars in China. China is the world's largest car market.
"It's nice to see Tencent become an investor and consultant for Tesla," said Els Musk, founder and CEO of Tesla, on Monday. "Masque did not say what he called" adviser " Why, but in another tweet, he pointed out that Tesla's Model 3 order from China was "very few". China 's market has not yet formally introduced Model 3.
Model 3 will begin selling later this year in the United States.
The entry will expand Tencent's participation in emerging investment segments such as electric vehicles, which is expected to enhance new modes of transport, such as automated sharing and delivery services and ancillary services.
These new technologies and their potential to create new business models and revenue sources in the global transportation industry have attracted billions of investments from China's three major technology giants - Tencent, Alibaba (BABA.N) and Baidu (BIDU.O) The
Morgan Stanley automotive industry analyst Adam Jonas said in a report to customers, Tencent and Tesla on the development and deployment of these technologies to cooperate "is not surprising."
Tencent this investment see a US regulatory documents. Tesla car is preparing to launch the main mass market models Model 3, Tencent's funds just to help out. Tesla shares closed up 2.7 percent to $ 277.45 on Tuesday, close to the second largest US depot, Ford (F.N). The following are the same as the "
Analysts said Tencent may also help Tesla to sell or even produce cars in China. China is the world's largest car market.
"It's nice to see Tencent become an investor and consultant for Tesla," said Els Musk, founder and CEO of Tesla, on Monday. "Masque did not say what he called" adviser " Why, but in another tweet, he pointed out that Tesla's Model 3 order from China was "very few". China 's market has not yet formally introduced Model 3.
Model 3 will begin selling later this year in the United States.
The entry will expand Tencent's participation in emerging investment segments such as electric vehicles, which is expected to enhance new modes of transport, such as automated sharing and delivery services and ancillary services.
These new technologies and their potential to create new business models and revenue sources in the global transportation industry have attracted billions of investments from China's three major technology giants - Tencent, Alibaba (BABA.N) and Baidu (BIDU.O) The
Morgan Stanley automotive industry analyst Adam Jonas said in a report to customers, Tencent and Tesla on the development and deployment of these technologies to cooperate "is not surprising."