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Tencent’s ownership stake in Tesla and it could help both companies enter the highly coveted   self-driving car market.

Tesla Gets Chinese Backing

   

In this episode of the Dave & Dave Show, EisnerAmper Senior Audit Manager Dave Katz tells us about electric car company Tesla receiving a significant investment from Chinese technology giant Tencent. Katz expands on what Tesla plans to do with the cash infusion, Tencent’s ownership stake and how this could help both companies enter the highly coveted self-driving car market. Dave also discusses a new billion-dollar fund formed by Apple that will invest in U.S. advanced manufacturing companies involved in 3D printing, green technology, medical devices and more.. 


Transcript

Dave Plaskow: Hello, and welcome to EisnerAmper’s technology podcast series. With more than 500 technology clients, we’re always interested in the latest industry trends and developments as well as any related business and accounting opportunities and challenges. Today we are talking about Chinese investment in Tesla. I’m your host Dave Plaskow and with us today is Dave Katz, Senior Audit Manager in EisnerAmper’s Technology and Life Sciences Practice. It’s another edge-of-your-seat episode of the Dave & Dave Show. Dave, good to see you again.

Dave Katz:  Dave, good to be here.   Dave Plaskow:  It sounds like Tesla is getting an infusion of Chinese capital.   Dave Katz:  That’s right. The Chinese firm Tencent is putting $1.8 billion into Elon Musk’s electric car company.


David Katz is a Senior Audit Manager providing domestic and international accounting, auditing and business consulting services to public and private clients in a variety of industries.

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