We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Tesla Inc | NASDAQ:TSLA | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 11.02 | 6.80% | 173.15 | 173.15 | 173.23 | 170.8617 | 158.36 | 159.00 | 126,423,306 | 00:59:59 |
From Apr 2019 to Apr 2024
By Anne Steele
Tencent Holdings Ltd. has taken a 5% stake in Tesla Inc., making the biggest company in China one of the largest owners of Elon Musk's cash-hungry electric car maker.
Tencent paid about $1.8 billion to take the passive stake in Tesla this month, according to a filing, amid Mr. Musk's recent push to raise money. Representatives from Tencent and Tesla weren't immediately available for comment.
Tesla shares, which have risen 26% so far this year, climbed another 3% premarket to $278.05.
Earlier this month, Tesla made moves to strengthen a fragile balance sheet amid a risky ramp-up of Model 3 production. At the time, it said it was offering $250 million in common stock and $750 in convertible notes.
Billed as a cheaper offering by a company known for pricey super cars, the Model 3 is intended to sell in much higher volumes than the current models and compete with more mainstream brands.
Write to Anne Steele at Anne.Steele@wsj.com
(END) Dow Jones Newswires
March 28, 2017 08:09 ET (12:09 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
1 Year Tesla Chart |
1 Month Tesla Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
