Tesla’s China business is booming
Sacconaghi: Bullish on Tesla long-term Thursday, 9 Mar 2017 | 12:20 PM ET | 05:46 Elon Musk’s Tesla is a growing player in China, where the global fight to develop electric, self-driving cars is raging hot. Hong-Kong traded Tencent, a company best known for its WeChat messaging app, disclosed in a Tuesday filing that it’s taken a 5 percent stake in Tesla for $1.78 billion. The investment follows Tencent’s new stake in taxi-hailing app Didi Chuxing, which can be accessed through WeChat. “I think Tencent likely wanted exposure to a company…
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