ValueAnalyst
Closed
Is the meaning of that sentence that Tencent wanted to buy into Tesla before Baidu and Baba also bought in, pushing up the price, or that Tencent wanted to invest in Tesla as a priority over making investments in Baidu and Baba?
The former.
I have long said American mega-tech companies should buy TSLA at the open market, but I guess it's easier when you're not competing with that company, so Tencent has made the first move, but if the SP stays here for long, we may see more strategic buyers come in at multi-billion scale.