Early yesterday, news broke that China's most valuable company, Tencent Holdings had acquired a 5% stake in Tesla. In a 13G filing with the SEC, Tencent Holdings revealed a 8,167,544 share stake in Tesla. Tencent paid roughly $1.8 billion in exchange for the 5% stake in Tesla. With the $1.2 billion or so the Tesla just raised in a secondary issue combined with a strategic investor like Tencent Holdings on board, the major darkside thesis of constant cash needs by Tesla, has now been put permanently to bed. That is not to say that Tesla might never need cash again.

Source: Forbes March 29, 2017 09:45 UTC