Fuel Sell
Tesla Deposits Tencent in the Bank
The electric-car maker's biggest need is more fuel for its cash-burning engine.
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What keeps a furnace going: the amount of heat it produces or the amount of fuel it has available? It's the latter, of course.
Which is why Tesla Inc.'s stock jumped as much as 3.6 percent on Tuesday after it emerged that Chinese Internet giant Tencent Holdings Ltd. had taken a 5 percent stake in Elon Musk's electric-vehicle and renewable-energy company. The stock has come off a little since, but Tesla is still less than 6 percent away from its all-time intraday peak.