Chinese tech giant Tencent takes 5 percent stake in Tesla for $1.78 billion

Chinese tech giant Tencent acquired a 5 percent stake in California-based electric carmaker Tesla Inc. for $1.78 billion. Tencent now owns about 8.2 million shares, 8,167,544 shares to be exact, in Tesla, the carmaker said. Tencent is now the fifth-largest shareholder in Tesla, behind Elon Musk and investment companies Fidelity, Baillie Gifford and T. Rowe […]