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Posts Tagged ‘Tesla technology’

Chinese Investment Firm Takes 5% Stake in Tesla

Tesla Autopilot car hits police officer, adding new concerns about autonomous vehicles.

by on Mar.28, 2017

Tesla CEO Elon Musk said the company needed an infusion of cash, and it got it, from Tencent, which now holds 5% of Tesla stock.

One of China’s largest technology investment firms has taken a 5% stake in the U.S. battery-electric vehicle manufacturer Tesla.

In a public filing, Tencent Holdings said it has purchased nearly 8.2 million shares of Tesla stock. The automaker’s shares have been on a roller-coaster ride in recent months as the company struggled to fund the development of its critical Model 3 battery sedan.

Financial News!

The automaker’s shares surged on news of the Chinese investment. (more…)

Tesla Offers Up Access to Patented Technology to Competition

EV maker’s hoping to accelerate growth of battery electrics with move.

by on Jun.13, 2014

Tesla's Model S is one of the best-selling electric vehicles in the U.S., however, EV sales are still less than 1% of all vehicles purchased, but Elon Musk is trying to accelerate that.

Apparently, Tesla Motors’ CEO Elon Musk really believes in the adage “a rising tide lifts all boats” as he’s decided to give all automakers access to the company’s patents. By giving everyone the technology, it may boost innovation and, by extension, sales.

“We’re trying to clear a path for the electric-vehicle industry,” he said during a conference call today. “I think to some degree here a rising tide lifts all boats. On balance it’s better if the rest of the industry pursues electric vehicles more vigorously.”

Your Automotive Source!

The access doesn’t come without some strings attached. Automakers using the information must provide something of equal value or agree to not sue Tesla. (more…)