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Tesla received no money from tencent. Tencent acquired their shares in the secondary market like nearly every other investor.
by RayVR 9y ago
Tesla received no money from tencent. Tencent acquired their shares in the secondary market like nearly every other investor.
- omarforgotpwd 9y agoWhether Tencent buys from Tesla or from someone else doesn't matter. The increased demand pushes the share price up either way. Tesla has sold shares this year, and because Tencent's buy pushed the share price higher Tesla saw more proceeds from the same number of shares than they would have had Tencent not acquired a 5% stake.
- naveen99 9y agoPrice doesn't always increase after a trade. Depends if the settlement price is above or below the previous trade's price.