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Chinese internet giant Tencent Holdings Ltd. has bought a 5% stake in Tesla Inc. The $1.8 billion stake was revealed in a regulatory filing and makes Tencent one of the largest holders of Tesla shares.
Tesla CEO Elon Musk acknowledged the investment on Twitter in a reply to a Bloomberg article.
@business Glad to have Tencent as an investor and advisor to Tesla
— Elon Musk (@elonmusk) March 28, 2017