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Chinese Tencent Holdings | 5 percent in Tesla


Chinese Internet giant Tencent Holdings has acquired a stake of 5 percent in Tesla. According to a report published Tuesday in Securities and Exchange Commission. Tencent has paid for the stake, which it has become the fifth largest shareholder of Tesla approximately $ 1.8 billion (1.7 billion euros). Commenting the Chinese company praised the entrepreneurial skills and vision and ambition Tesla founder Elon Musk. Tesla is investing heavily in the development and production of the Model 3.

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