Slashdot Mirror
Tesla Deal Boosts Chinese Presence in US Auto Tech (reuters.com)
From a Reuters report:China's Tencent has bought a 5 percent stake in U.S. electric car maker Tesla for $1.78 billion, the latest investment by a Chinese internet company in the potentially lucrative market for self-driving vehicles and related services. Tencent's investment, revealed in a U.S. regulatory filing, provides Tesla with an additional cash cushion as it prepares to launch its mass-market Model 3. Tesla's shares were up 2.9 percent at $277.03 in midday trading on Tuesday, enabling it to rival Ford as the second-most-valuable U.S. auto company behind General Motors. The deal expands Tencent's presence in an emerging investment sector that includes self-driving electric cars, which could enable such new modes of transportation as automated ride-sharing and delivery services, as well as ancillary services ranging from infotainment to e-commerce.
It depends on what Tencent is allowed access to.
The company that my wife works for was bought by a foreign company and that foreign company is basically only allowed its share of the profits as an owner. For anything else it wants, it has to "buy" the information as part of a product transaction just like any other company, and even the executives of the foreign owners are not allowed uncontrolled access to the facility.
Do not look into laser with remaining eye.