Chinese co invests in Tesla

Chinese tech giant Tencent has invested £1.4bn in Tesla giving it a five per cent stake in the business.

Tencent, one of Asia’s largest technology firms and best known for its WeChat mobile app, has been investing in a number of sectors, including gaming, entertainment, cloud computing and online financing.

The business has backed several electric vehicle companies in the past including Shangai based start-up NextEV, now rebranded Nio.

Meanwhile, Tesla chief executive Elon Musk has launched Neuralink, a start-up which aims to develop technology that connects our brains to computers.

The company will develop so-called ‘neural lace’ technology which would implant tiny electrodes into the brain. The technique could be used to improve memory or give humans added artificial intelligence.