Tesla
Elon Musk is regarded as the genius of Tesla and happens to be the Californian business’ majority shareholder thanks to a 21.7% stake. Beyond his presence, the business enjoys a variety of shareholders, not to mention Tencent Holdings Ltd. Beyond streaming music, Tencent seems to have its fingers in many tech pies. Tencent is the king of the gaming industry, as well as a leviathan within social media. It reported a $95.8 billion profit in 2019. While we cannot be sure what they are up to, whatever it is, they are winning! Keep your eyes on this mammoth.
Tesla
Snapchat
Ah, the people responsible for the selfie craze. Evan Spiegel and Bobby Murphy released an app in 2011, unaware of how it would blow up. Currently, the selfie-sharing giant is valued at over $20 billion. Coming back to Tencent, the Chinese business honed in on Snapchat too. They came in with the big guns, knowing their no-nonsense approach to business, acquiring a 10% stake at $2 billion. Besides this huge stake, Tencent aided Snapchat in establishing their AR services.
Snapchat
