“If you ask me to say, it’s definitely better to cash out Tesla first.”
“The market value of 520 billion US dollars surpasses Toyota, which is obviously artificially high.”
“Whether it is from the profit sector or from the future Looking at it from a different perspective, Tesla is artificially high and does not have the strength to surpass Toyota.”
Toyota’s annual profit is 140 billion, but its stock price is less than half of Tesla’s.
This is obviously not normal.
Tesla has obviously taken advantage of the concept of new energy, and everyone has bought a future price.
But in reality, Tesla’s net profit in 2019 was only US$105 million.
Toyota’s net profit in 2019 was as high as 140 billion yuan.
The stock price is less than half of it. From this, we can see how much water Tesla has?
Everyone voted by a show of hands and unanimously agreed to reduce Tesla holdings first.
The little secretary who was taking minutes of the meeting at the side felt his scalp numb, and he felt sorry for the big boss who was always talking about difficult situations.
On Tesla stock alone, it has US$26 billion in equity assets.
He spent a lot of money on Ascendas New Energy, but he also invested countless dollars in the new energy industry.
In particular, Tesla, the world's number one new energy company, has spent five years continuing to buy.
Now after a brief meeting here, she realized that the whole world is short of money, and the big boss will not be short of money at all.
No wonder the Global Economic Research Institute has always been indifferent to these domestic situations.
Everyone knows that traditional sectors may lose money, and it doesn’t matter if the big boss spends 20 billion to subsidize employees.
The east side is not bright, but the west side is bright.
He made a lot of money just by investing in these two stocks.
It is definitely true that the domestic economy is going down, and it is also true that big bosses are getting richer and richer.
The more flowers there are, the more abundant they are.
The meeting lasted less than half an hour, and everyone unanimously voted by a show of hands to reduce their holdings of Tesla first.
Chen Pingsheng also agrees, but he will not reduce it completely.
He called Ascendas Fund on Wall Street and his goal within a month was to reduce his holdings by 2%.
The cash-out funds are around US$10.4 billion, which is 71.5 billion when converted into RMB.
This is also his largest cash-out to date.
After the funds are cashed out, how to spend them is another big thing.
The funds required by Tengfei New Energy in 2020 are completely sufficient, and he is still prepared to allocate 20 billion.
The main reason is that the new energy market is about to experience a sales blowout. In addition to building more super factories, battery production must also be expanded.
This all costs money.
In addition, he is also planning to spend 31.5 billion to increase his holdings of Nvidia.
Artificial intelligence is definitely the future trend, it goes without saying.
Nvidia, which is expected to be the world's number one in the field of artificial intelligence, is likely to see its stock price soar further.
His more than 30 billion seems like a lot, but he can actually buy only 1.2%.
Including what he already owned before, his personal holdings of NVIDIA shares are about 4%.
Tesla will only have 3% left, and it definitely has no plans to reduce its holdings this year.
The remaining 20 billion will be invested more heavily in Tennong breeding to expand its influence in agricultural production.
At least 15 billion of them will be invested in that.
Complete the expansion of twelve provinces.
With this wave of transformation, Tengying Group still seems to be facing difficulties.
The actual situation is that US$40 billion in cash reserves can be withdrawn at any time.
It is still the kind without any debt. I wonder which other domestic private company can do this?
With this amount of cash reserves, if he goes out to look for assets now, he doesn’t know how many giant companies he can buy back.
Of course it is impossible for Chen Pingsheng to do that, and there is no point in doing so.
Those who get a 30% discount now will have their bones fractured in two years.
Xu Belt, who claims to have a cash reserve of 300 billion, is just a boast.
I am afraid his life is very difficult now. This old guy is in danger.
Chen Pingsheng still took his time step by step. His wife is responsible for the health field of the entire company, and with Shui Yunjian supporting her, there is no need to touch his money.
He continued to expand the scientific and technological fields, including agricultural production, as planned.
As for the traditional sector, just endure it, maybe it will get better when the disease is completely over.
He is not in a hurry anyway. He has food at home and is not in a hurry at all.
Xu Tiezi was indeed in a hurry. He even organized an event to sell his house at a 30% discount.
The general meaning is that if a house buyer introduces a house buyer, they can get many corresponding benefits and rewards.
If you still dare to drag your relatives to buy a house now, you are definitely setting your relatives up for death.
No relatives will have to do that in the future.
After the meeting ended, Chen Pingsheng had a private chat with the dean of the Economic Research Institute.
Leaving aside this year, as long as the disease is not completely over, it will definitely be difficult for the economy to recover.
Even if the disease is over, it will be difficult to have the same consumption enthusiasm as before.
Hold on, when he really can’t hold on, he doesn’t mind buying some high-quality assets at the bottom.
"Boss, our Tengying Group has never been short of money."
Tang Jing laughed a few times, as if he was very proud.
"There is no shortage of money in the first place. I just want to prevent everyone from borrowing money. In addition, I want the senior executives of the group to maintain some sense of crisis."
"Oh, I see the employees Many people here are discussing whether the group is in crisis or something, and they want to raise funds through crowdfunding.”
“I’m interested.”
Although he is not short of money, he is quite pleased that his employees have this idea.
Chen Pingsheng said: "You can ask the group's corporate propaganda department to adjust the direction of publicity. There is no need to deliberately create that sense of crisis. In June, our group can hold a three-day team-building activity. No need to think about it. As for the expenses, I personally spent 800 million to organize this event.”
When the crisis does not come, the group must publicize the crisis and keep employees vigilant at all times.
The crisis has come, so we must stay optimistic.
Eight hundred million seems like a lot. If all the employees at his Jinshan headquarters were added up, there would be at least 40,000 to 50,000.
With so many people organizing team building activities, what can they do without spending hundreds of millions?
He personally paid 800 million, and major listed companies also had to pay part of it. 1.2 billion would be enough.
If you want to have fun in Shanghai, there are still many places.
So many people can’t do activities together, so we have to have fun apart.
Just planning such an event requires a lot of manpower and material resources.
Just let the little secretary handle this little thing.
Afterwards, the activity plan will be handed over to him, and it can only be implemented with his consent.
This can be regarded as a large-scale encouragement under the depression.
“Boss, are we going to have team-building activities this year?”
“There must be.”
Chen Pingsheng is still thinking about allowing the group's employees to have company housing, but now all the houses in Tengying Community have been sold out.
It’s still not enough to arrange for everyone, and he also plans to buy another piece of residential land.
Build another 12,000 to 16,000 houses.
If you have money, you don’t have to worry about it. It is still necessary to build a high-end community in Tengying Phase II.
In addition, a top-level villa area must be developed to exclusively accommodate group executives.
You don’t need too many houses of this kind, just a few hundred will be enough.
It is quite cheap for him to get land in Jinshan, especially under the current circumstances.
It is estimated that with 5 billion, we can buy land and start construction.
If others want to win his project, they also need to advance funds.
With the influence of Tengying Group, there is no problem.
Chen Pingsheng immediately went to find someone to prepare this matter in advance.
(End of this chapter)