His parents were unaware of the existence of the system. They thought Xia Yu's first pot of gold was Bitcoin, but in fact he relied on the system to accumulate his original capital.
He was lucky in this regard. Musk sold Zip2 at the age of 27 and received $22 million. At the age of 30, he sold PayPal and made a net profit of $180 million after taxes. The success of the two entrepreneurial ventures accumulated enough funds for him to start his real business empire.
It is now June 2019, and Xia Yu is not yet 22 years old. He has reached higher heights at a younger age, and his future has unlimited possibilities.
This is also the reason why Musk and even Larry Sr. are friends with Xia Yu.
Just as he was talking, the news about Musk appearing on the TV University campus to support Xia Yu suddenly became a hot search, and countless apps and news media accounts were pushing this message.
Celebrities have their own popularity, and so do celebrity entrepreneurs, especially Musk, who stole the limelight in China in the first half of the year. From the establishment of the Tesla factory in Shanghai to his acquisition of a 3.5 billion yuan loan from several Chinese banks, each one of these events has sparked nationwide discussion.
However, this time Musk is no longer the only protagonist. Most people noticed that he came for Xia Yu. The general public knows very little about this most mysterious and youngest billionaire, but it seems that every time he appears, the popularity is also quite high.
This time the two topics collided, triggering a more heated discussion. Many people noticed Xia Yu's other identity. He is the boss of Jierui Power, and he had just reached a partnership with Daimler-Benz not long ago.
After Mercedes-Benz, is Tesla also going to take action?
Huh, it was previously rumored that Jierui Power would be the next CATL, but now it seems like it wants to dethrone CATL and become the boss itself!
In response to this, Xia Yu said, it’s not me, don’t talk nonsense, he hasn’t even gone public yet, and his production capacity is very limited. If he wasn’t short of money, someone would have approached him to acquire him long ago.
Since Jierui Power is not listed, it will not be affected by the ups and downs in the market, but Tesla's stock price is about to fluctuate.
Musk said in 2018 that he was considering taking Tesla private, a statement that caused a roller coaster ride for Tesla's stock.
The situation got worse in 2019. At the beginning of the year, Tesla bulls and bears started a tug-of-war. The price fell below $200 in May and fell to a three-year low of $176.99 in June.
This seems to be a very bad thing, but for Xia Yu it is a good opportunity to buy at the bottom. The 600 million US dollars allocated to Gu Jia was used to buy Tesla shares in bulk at an average price of 180 US dollars per share, in exchange for more than 3 million common shares.
Together with the previous shares, it accounts for about 2% of Tesla's total share capital, which doesn't seem like much.
Xia Yu had read many sign-in posts by super-rich people before, where the shares of Apple and Tesla were given away at 5% or 10%. His system would have to be upgraded to Lv27 or Lv37 to have a chance, but unfortunately he was only Lv17 now, and his words were not firm!
By buying so many shares, he is going long. There is also a group of people going short. They made a lot of money in the first half of the year, but what about the second half?
Musk finished his speech, and the old principal gave a summary speech. The 2019 graduation ceremony officially ended. Parents, Yin Suya, and Jiang Baiying all watched Xia Yu and Musk leave together. Quick-acting reporters had already blocked the school gate, but neither of them accepted the interview. The motorcade went straight to Xintiandi.
Today is not a good day to visit Jierui Power, so Xia Yu plans to take Lao Ma to visit his catering company and have lunch.
It was already past one in the afternoon. Master Tan had already prepared a banquet and was delivering it to the headquarters building when he met them.
"Dilixisi, this is even more delicious than the one I had last time I came to the Magic City."
Musk expressed high praise for the dishes. It turns out that foreigners are more receptive to Cantonese cuisine.
"Elon, do you want to go downstairs and see my collection?"
After lunch, Xia Yu suggested.
Bringing partners to visit the museum has become a regular part of his entertainment routine.
"Oh, are they the special ones?"
Musk asked, gesturing to the tanks in the Invincible-class warehouse.
"No, no, no, let's watch something normal today."
Xia Yu quickly waved his hands. These were not things that could be collected privately in China. If one really liked crawler tracks, one could choose to collect tractors and excavators. Those were also quite exciting, and the key was that they were legal.
Musk was taken to the second floor by elevator. As soon as the door opened, he saw a Citroën. At that time, he thought it was nothing, but when he took a step forward and saw the exhibition halls on both sides, he was also shocked.
What did he see? He saw a row of moving US dollars. Except for the Citroën, each of these cars was much more expensive than those iron lumps.
"Are they all your collection?"
"Yes, I recently bought $600 million worth of Tesla shares, which is three times the price of all the cars here combined."
Through Xia Yu's continuous additions, his private car museum has begun to take shape, with a total value of about 200 million US dollars. If all of them are imported tax-paid, it would be more than 400 million US dollars. However, he focuses on collection and does not need every car to be able to drive on the road.
"I know this. Larry also invested over 200 million to increase his holdings, and I repurchased about 50 million."
No matter how tight the capital chain is, the opportunity to make money cannot be missed. Musk is confident that the stock repurchase now is for better cashing out in the future.
"To be honest, your funds really shocked me. I haven't had so much money in my account for a long time."
This chapter is not over yet, please click on the next page to continue reading!
Continue read on readnovelmtl.com
