Loading ...Tesla Inc (TSLA.O 2.49%) said on Tuesday that Chinese tech giant Tencent Holdings Ltd 0700.HK has invested $1.78 billion in the electric carmaker for a 5 per cent 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.
Tencent now owns more than 8 million shares in Tesla as of March 24, the carmaker said, making the Chinese company one of its biggest shareholders.
Elon Musk-led Tesla has been raising capital as it readies for the launch of its mass-market Model 3 sedan.