NEW YORK: Tesla Inc got a vote of confidence from Chinese Internet giant Tencent Holdings Ltd, whose purchase of a 5% stake boosts Elon Musk’s ambitions to get his mass-market Model 3 electric sedan to buyers this year.
Tencent paid about US$1.8bil for 8.17 million shares through Tesla’s recent stock offering and via open-market purchases, according to a regulatory filing yesterday.
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