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Chinese Tech Giant Invests In Tesla, Pays $1.78 Billion For 5% Stake

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Tesla has a new investor, and it looks like its new shareholder paid top dollar for a small stake in the American automaker. Just five percent of Tesla cost the Chinese at Tencent Holdings $1.78 billion. The corporation is known for a mobile app named WeChat, and it has been recently investing in various sectors, which range from gaming to online financing. Tesla was one of the companies that have received mone... (continue reading >>)

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