Rebirth 2008: I Can Make Money Reading

Chapter 357 Who is in the trap? (seeking a monthly ticket)

"In order to strengthen the cooperative relationship between the two parties, support each other, complement each other, and achieve a win-win situation, we can give priority to supply, technical services and support, etc., and there is nothing else. If our ternary lithium battery is not good, you will not purchase.

By the way, you can consider our company's motor, which is just matched with the battery, which is much stronger than the one you purchased. "

Mu Yang said solemnly, the rhetoric felt a bit high-sounding.

He intends to bundle the ternary lithium battery with the motor, but he said it very implicitly.

Xinghai Group will not sell top-notch permanent magnet motors. Selling them to other manufacturers is definitely second-class, but it is also world-class.

Xingdian will supply ternary lithium batteries to the world, so it will not restrict Tesla's procurement.

After Tesla develops, Tesla will not purchase all lithium batteries from Xinghai Group. It’s not that it doesn’t want to, but that Pretty Country is concerned about Huaguo’s rare earth issue and is afraid of being stuck by Huaguo. At the same time, it doesn’t want Huaguo to develop. , Certainly require Tesla to purchase some lithium batteries from non-Huaguo companies.

Later generations of Tesla purchased from Ningde Times, and also purchased ternary lithium batteries from LG.

Today, of course, there are no such purchase restrictions.

The current Musk certainly didn’t think so far. After all, Tesla is not yet profitable. He is still having a headache about financing, and the company is short of funds. If the sales of MODEL S are not good, it will definitely fall into a worse situation.

After listening to Mu Yang's words, Musk's initial worries disappeared, and he thought that Mu Yang had made some harsh demands.

However, what worries him the most is not Mu Yang's harsh demands, but the fear that Xinghai Group will produce similar products.

Xinghai Group's technology is superior to theirs, and the cars they produce must be better than theirs, and they are still self-developed and produced, so the cost will be lower.

"Mr. Mu, will Xinghai Group enter new energy cars and SUVs?" Musk still asked what he was most worried about, although he concealed it very well.

His eyes squinted at Mu Yang, and his heart was a little nervous, to see how Mu Yang would answer.

Mu Yang rolled his eyes, looked at Musk, and smiled: "Mr. Musk, if this market has a good prospect, what do you think?"

If he doesn't like Tesla, he can kill it, but it doesn't have to.

Mu Yang doesn't want to toss in the low-end new energy vehicle market. He doesn't have the energy. He has higher goals, but he can invest in Tesla.

When Musk heard Mu Yang's words, sure enough, the last thing he wanted to hear happened.

He thought for a while, considering that Tesla lacked funds and was still in the stage of burning money. Instead of asking for a consortium, it would be better to bring in a strong partner.

"Mr. Mu, I wonder if you are interested in investing in Tesla?"

Tesla has completed the ABCDEF round of financing and has been listed. The financing forms after listing are debt financing and equity financing.

What Musk is talking about is equity financing. There are many subdivisions. He refers to the introduction of new shareholders through equity transfer, capital increase and share expansion.

If it is just a simple equity transfer, the total share capital will not increase, that is, Musk sells part of his shares to Muyang, and the money goes into Musk's own pocket. Now that NASDAQ has strict requirements after listing, such a simple large Proportional equity transfer is not allowed, which obviously damages the interests of individual shares.

If it is capital increase and share expansion, it is to increase the total share capital so that the company can obtain new funds.

At present, the total share capital of Tesla is 105.21 million shares, and the tradable shares require at least 26.3 million shares, that is, at least 25% of the listed issue;

Tesla's stock price fluctuates around $35, with a total market value of about $3.6 billion.

Around this time next year, MODEL S will sell well, and the stock will skyrocket after making a profit.

Musk is still Tesla's largest shareholder. If it is 2022 in later generations, he has experienced multiple financings during the period, and he still owns more than 20% of the shares.

"Why?"

Mu Yang asked knowingly.

"The combination of Tesla and Xinghai Group, complementing each other's strengths, will be invincible in the new energy vehicle market."

"Mr. Musk, I know what you mean. We don't have to go around in circles. It is very difficult to communicate. Maybe we may not reach a consensus after a few days of discussion. Are you worried that Xinghai Group will enter the new energy car and SUV market?

I can promise you that Xinghai Group will not enter the low-end new energy vehicle market in Europe and America, and even help Tesla capture the low-end new energy vehicle market except Huaguo, defeat gasoline car rivals, and sign a strategic agreement with Tesla .

However, if you let us give up this market, we have lost a lot, can we not only make up for it through financing Tesla? "Mu Yang feels tired talking to him, neither of them are particularly good at communicating, so it's better to be more straightforward.

In fact, if Xinghai Group, as a supplier of ternary lithium batteries, should not have tossed in the low-end market. They also sell aluminum alloy automotive plates, and then sell low-end new energy vehicles. It is not embarrassing to form a competitive relationship between enterprises.

These car companies are definitely not willing to purchase Xinghai Group's products. This is an act of patronizing the enemy, unless they have no choice but to purchase, and they love and hate it.

Musk said: "Well, Mr. Mu, Tesla has designated Xinghai Group as a specific supplier of batteries and motors. Xinghai Group needs priority supply and preferential prices. I believe Tesla can take the lead in the market competition;

The Xinghai Group can obtain gains in the stock market by financing Tesla. "

"Mr. Musk, your logic is a bit crooked. Xinghai Group's batteries and motors are not worrying about selling. They are the world's top technology level and are in short supply.

Of course, since we want to cooperate with Tesla, we have nothing to lose, and the cooperation is a win-win situation.

However, if Tesla builds a factory in Huaguo in the future, we must have the priority cooperation right and the exclusive cooperation right, and Xinghai Group must have an absolute controlling position. If you don’t do this, you will not be able to invest normally in Huaguo;

At the same time, Tesla gives priority to purchasing Xinghai Group's aluminum alloy automotive plates and other auto parts.

Others, I don’t have any requirements. You can seek the opinions of other shareholders first. I require that the financing ratio should not be lower than 15%, otherwise it will be meaningless. If the ratio is too low, you are also worried, and the price will be mentioned separately. "

"Can."

Musk thought for a long time, and agreed to Mu Yang's proposal. His request was not excessive, it was normal.

Temporary negotiations cannot be negotiated, but the initial cooperation was finally discussed.

Next, when Musk communicated with other shareholders, Mu Yang took him to inspect the company's aluminum alloy automotive plate factory and battery factory.

After seeing the advanced production line of Xinghai Group, Musk is more determined to cooperate with Xinghai Group. He doesn't want to have another nightmare opponent.

Now, Mu Yang is willing to give up the low-end new energy vehicle market and support Tesla's development, which has exceeded Musk's cooperation expectations.

a few days later,

Musk and Muyang reached a cooperation, and Xinghai Investment Company raised 550 million US dollars from Tesla, holding 15% of the shares. In fact, it lowered the stock price for financing.

After financing, Tesla's total share capital increased to 123.87 million shares, and Xinghai Group owned 18.66 million shares.

The shareholding ratio of Musk and shareholders will be diluted, and the actual share capital will not change.

For example, the original share capital of a certain shareholder is 10 million shares, and the shareholding ratio is 9.5048%.

After being diluted, the shareholding ratio is = 9.5048% × (1-15%) = 8.079%, but the share capital is still 10 million shares.

Whether this kind of capital increase financing is good or bad for the stock market depends on the situation of the new shareholders.

If the company's profits remain the same, the average earnings per share will be lower because more people are sharing the money, and the stock price will definitely fall.

If the company develops better, the stock price will definitely rise, and both shareholders and retail investors will benefit.

There are rules for this kind of capital increase financing, and it is not about financing as much as you want.

Tesla designated Xinghai Group as a specific supplier of lithium batteries, motors, and aluminum alloy automotive plates, requiring a purchase ratio of no less than 80%.

But Musk and the shareholders don’t feel that they are at a loss. Joining a strong strategic partner solves many problems, and there are no hidden dangers of competition, so they can develop with peace of mind.

The Xinghai Group got 15%, which is already a lot. It can be said that it is the second shareholder besides Musk.

Let’s not talk about the rules of Nasdaq, if you don’t dare to take more shares, then Tesla will become a Chinese-funded enterprise?

The beautiful country is definitely not happy, it will impose various constraints on Tesla, and it will not give any preferential policies.

Now it's stuck at 15%, which is an embarrassing position, and it can't be hit yet.

After the listed company expands its shares and raises funds, it needs to apply, and it must make an announcement within the required time.

After Xinghai Investment Company formally raised funds for Tesla, Musk and his team also returned to the beautiful country and held a media conference to announce the strategic cooperation and financing with Xinghai Group.

At the same time, it will introduce the situation and favorable details of Xinghai Group.

After the announcement, retail investors learned the details of the cooperation, that is to say, Tesla's new energy vehicles will be equipped with world-class ternary lithium batteries and motors.

This is good news.

Retail investors and institutions absorbed Tesla's stock, and the stock price rose from $35.15 to $39.23 that day.

Mu Yang made a lot of money from this investment.

But he knows that after Tesla's Model S is launched and Xinghai Group's Hummer EV sells well, the market will find that the new energy vehicle market has a very good prospect, and the stock price will usher in a new surge.

If Mu Yang doesn't want to engage in Tesla and lets it develop, his 15% stake will be worth hundreds of billions of dollars in the future.