Tesla raises cash for Model 3 launch, from Chinese company Tencent

; Date: April 2, 2017

Tesla Motors has to spend $2.5 billion before July to launch the Model 3. As with the Model S and Model X launches, Tesla Motors is going through deep cash burn for capital expenditures to build up capacity to launch the new model. Making ends meet requires selling stock to raise capital from investors. This time that included Tencent, a large Chinese company. That company is backing a self-driving-car startup, Nio. Tesla Motors is advanced into developing this technology of course, so does Tencent intend to drive a merger? Tencent spent $1.78 billion buying their stake in Tesla.

Source: Bloomberg Quicktake

Mar.28 -- Tesla got a vote of confidence from Tencent, whose purchase of a 5 percent stake boosts Elon Musk’s ambitions to get his mass-market Model 3 electr...

Source: Investor's Business Daily

Tesla ($TSLA), Ford Motor ($F) and other major automakers are already in the self-driving automotive ring, looking to battle it out for drivers (or the lack ...

Source: CGTN

China's Tencent Holdings Ltd has bought a five percent stake in US electric car maker Tesla Inc. for 1.78 billion dollars, the latest investment by a Chinese...

David Herron

David Herron is a writer and software engineer focusing on the wise use of technology. He is especially interested in clean energy technologies like solar power, wind power, and electric cars. David worked for nearly 30 years in Silicon Valley on software ranging from electronic mail systems, to video streaming, to the Java programming language, and has published several books on Node.js programming and electric vehicles.

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