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The Chinese tech company behind WeChat now owns 5% of Tesla 

Continuing its aggressive cross-sector investment spree, tech behemoth Tencent Holdings just took a 5% stake in Elon Musk’s electric car company. The Chinese firm behind the WeChat mobile app has invested $1.78 billion in Tesla, worth 8 million shares as of last week, Tesla says. Read more from Reuters here.

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Continuing its aggressive cross-sector investment spree, tech behemoth Tencent Holdings just took a 5% stake in Elon Musk’s electric car company. The Chinese firm behind the WeChat mobile app has invested $1.78 billion in Tesla, worth 8 million shares as of last week, Tesla says. Read more from Reuters here.

About the author

Christopher Zara is a senior staff news editor for Fast Company and obsessed with media, technology, business, culture, and theater. Before coming to FastCo News, he was a deputy editor at International Business Times, a theater critic for Newsweek, and managing editor of Show Business magazine

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