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Tesla will ‘keep blowing our minds’ despite Elon Musk’s preoccupation with Twitter, an executive at Chinese tech giant Tencent said

    Tesla will 'keep blowing our minds' despite Elon Musk's preoccupation with Twitter, an executive at Chinese tech giant Tencent said

    According to David Wallerstein, chief exploration officer of Chinese tech giant Tencent, even if Elon Musk is distracted from Twitter, Tesla will continue to blow our minds.

    Wallerstein helped lead Tencent’s 2017 investment in Tesla. It has since sold that stake. A Tencent executive who helped lead the Chinese tech giant’s 2017 investment in Tesla said he believes the electric car firm will “continue to blow our minds” despite being distracted by Elon Musk’s Twitter.

    In an interview with CNBC, Tencent’s chief exploration officer, David Wallerstein, said he still believes Tesla will be successful even if Musk is busy with Twitter. Tesla stock plunged more than 40% after Elon Musk bought Twitter for $44 billion in October, with investors fearing that Musk’s focus on Twitter could cause problems for the carmaker.

    Sure, if a leader gets distracted across multiple companies and Elon has too many projects, it’s hard to focus. I think they’re still doing a great job, Wallerstein told CNBC. I’ll count on Tesla to continue to blow our minds with what they do with the technology.

    He added that although many competitors are likely to rise, it will actually be good for the planet, as sales of electric cars will increase. Wallerstein led an investment from the Chinese tech giant in Tesla in 2017, taking a 5% stake worth about $1.78 billion at the time. Tencent has since sold its stake in Tesla, according to data compiled by Bloomberg, and no longer holds any Tesla stock.

    We saw a huge potential in the company in the EV (electric vehicle) category, but also a lot of respect for the way Elon was running the company, Wallerstein said of the 2017 investment. He said that at the time it was not so clear that they would survive and that EVs were indeed going to survive.

    In an interview with the World Economic Forum in October, he said that Wallerstein’s role as CXO “is about thinking about the existential global challenges facing humanity. And then, on the other hand, developing new approaches, often New Technologies.” , breakthrough technologies that give us as humanity more tools to tackle these great challenges.

    Elon Musk is currently fighting a lawsuit against him by shareholders who said he manipulated Tesla stock prices through his FundingSecure tweet in 2018, in which he claimed the company was going private. His lawyer Alex Spiro argued in court on Thursday that Musk had used the wrong words in the tweet. That said, you’ll soon find out that this was no hoax, not even close.

    That’s the claim of the man in charge of US electric car maker Tencent’s stake even though CEO Elon Musk is the CEO of one of the world’s biggest gaming and social media companies. Join Twitter, even as Tesla blows our minds with technology.

    In an interview with CNBC Tencent bought a 5% interest in Tesla in 2017 for about 1.78 billion. On Thursday, David Wallerstein, Tencent’s chief exploration officer, said that we saw great potential in the EVs category at the company, but also had great respect for the way Elin was leading the company.

    Tencent invested It wasn’t sure they would survive and ABS was actually going to survive They claimed Tesla has since become one of the largest manufacturers of electric vehicles worldwide, delivering 1.31 million vehicles in 2022 Although investors hailed Elon Musk’s purchase of Twitter last year as a turning point for the billionaire.

    That’s why Tesla needed a steady hand over the past year. Tesla stock is down nearly 62% despite the diversion. Wallerstein maintains his faith in Tesla. It’s hard for a leader to focus if he’s distracted by so many ventures, and Elon has so many projects he can do an excellent job of.

    steam please try subscribing to the channel before continuing this it’s up to you to grow as the number of electric cars sold continues to increase of course there will be many rivals but this will be really amazing Planet Wallerstein Commented that I hope Tesla continues to fly our minds about what they do with technology as electric car sales grow.

    It may certainly take a number of countermeasures to continue, but according to Wallerstein it would actually be wonderful for the planet. and gaming. Although the corporation recently sold some of its investments in response to China’s tougher regulatory environment, Wallerstein seeks to invest in cutting-edge areas that can help in the fight against major global issues such as climate change.

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