"If you ask me, I would definitely cash out Tesla first."
"A market capitalization of $520 billion surpasses Toyota, which is obviously inflated."
"Whether considering the profit sector or the future, Tesla's valuation is inflated and it 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 abnormal.
Tesla has clearly taken advantage of the new energy concept, and everyone is buying at a future price.
But in reality, Tesla's net profit in 2019 was only US$105 million.
However, Toyota's net profit in 2019 was as high as 140 billion yuan.
However, the stock price is less than half of it. From this, we can see how much water there is in Tesla.
Everyone voted by raising their hands and unanimously agreed to reduce their holdings in Tesla first.
The secretary who was taking minutes at the meeting was so scared that her scalp was numb. It turned out to be the boss who said things were difficult every day.
Tesla stock alone has equity assets worth $26 billion.
He invested a lot of money in Tengfei New Energy, but at the same time, he also invested a lot of money in the new energy industry.
Especially Tesla, the world's number one in new energy, has been buying continuously for 5 years.
Now, after a brief meeting, she realized that the whole world is short of money, and the big boss has no shortage of money at all.
No wonder the Global Economic Research Institute has always been indifferent to these domestic situations.
Everyone knows that the traditional sector may lose money, so it doesn’t matter if the big boss takes out 20 billion to subsidize employees.
It turns out that if the east is dark, the west will be bright.
He made a fortune just by investing in these two stocks.
It is definitely true that the domestic economy is going downhill, and it is also true that big bosses are getting richer.
The more you spend, the more you have.
The meeting lasted less than half an hour, and everyone voted unanimously to reduce their holdings in Tesla first.
Chen Pingsheng also agreed, but he would not reduce it completely.
He called the Tengfei Fund on Wall Street and set a goal of reducing holdings by 2% within a month.
The cashed-out amount is approximately 10.4 billion US dollars, which is equivalent to 71.5 billion RMB.
This is also his largest cash out to date.
After the funds are cashed out, how to spend them becomes another big issue.
Tengfei New Energy already has enough funds for 2020, but he still plans to allocate 20 billion yuan.
The main reason is that the new energy market is about to see a sales boom. In addition to building more super factories, battery production also needs to be expanded.
All of this costs money.
In addition, he is also prepared to invest 31.5 billion yuan to increase his holdings in Nvidia.
Artificial intelligence is definitely the trend of the future, that goes without saying.
Nvidia, which is expected to become the world's number one in the field of artificial intelligence, is likely to see its stock price soar further.
His 30 billion seems like a lot, but he can actually only buy 1.2%.
Including what he already owned, his personal stake in Nvidia is about 4%.
Tesla will only have 3% left, and there is certainly no plan to reduce holdings this year.
The remaining 20 billion will be used to increase investment in Tengnong Breeding to expand its influence in agricultural production.
At least 15 billion of it will be invested in that.
Complete the twelve-province expansion.
With this wave of transformation, it seems that Tengying Group is still in a very difficult situation.
The actual situation is that the company can always access 40 billion US dollars in cash reserves.
Or the kind without any debt, I just want to ask which other private enterprise in China can do that?
With this amount of cash reserves, if he were to go out and buy assets now, I wonder how many giant companies he could buy back.
Of course Chen Pingsheng couldn't do that, and there was no point in him doing so.
Things that are currently 30% off will be shattered in two years.
Xu Daizi's claim to have 300 billion in cash reserves is just bragging.
I'm afraid he's having a very hard time now. This old guy is in danger.
Chen Pingsheng still took his time, taking it one step at a time.
His wife is in charge of the company's health sector, and with Shui Yunjian supporting her, there is no need to touch his money.
He continued to expand the technology field, including agricultural production, according to his original plan.
As for the traditional sectors, just hold on. When the disease is completely over, things may get better.
He is not in a hurry anyway. There is food at home, so there is no need to worry.
Xu Daizi was indeed very anxious, and he even organized a 30% off sale of houses.
The general meaning is that a home buyer can get many corresponding benefits and rewards by introducing another home buyer.
Anyone who dares to drag their relatives to buy a house now is definitely cheating their relatives to death.
No relatives will be able to do that in the future.
After the meeting, Chen Pingsheng had a private chat with the director of the Institute of Economics.
Let’s not talk about this year for now. As long as this disease is not completely over, it will be difficult for the economy to recover.
Even if the disease is over, it will be difficult to regain the previous level of consumption enthusiasm.
Just hold on. When he really can't hold on any longer, he doesn't mind buying some high-quality assets at the bottom.
"Boss, it turns out that our Tengying Group has never been short of money."
Tang Jing chuckled a few times, as if he was very proud.
"We're not short of money to begin with. We're just trying to prevent everyone from borrowing money. We also want to make the group's executives more aware of the crisis."
"Oh, I see a lot of people in the employee group are discussing whether the group is facing a crisis or something, and they're even thinking about crowdfunding."
“That’s thoughtful.”
Although he is not short of money, he is still very pleased that his employees have such thoughts.
Chen Pingsheng said, "Have the group's publicity department adjust their promotional direction. There's no need to deliberately create that sense of crisis. In June, our group can hold a three-day team-building event. Don't worry about the cost. I'll personally contribute 800 million yuan to this event."
Before a crisis comes, the group should publicize the crisis so that employees can remain vigilant at all times.
The crisis has come, so we must remain optimistic.
Eight hundred million may seem like a lot, but if you add up all the employees at Kingsoft's headquarters, there would be at least forty to fifty thousand.
Organizing a team-building activity for so many people, what can be done without spending hundreds of millions!
He personally paid 800 million yuan, and the major listed companies also had to pay a portion, and the total amount was almost 1.2 billion yuan.
If you want to have fun in Shanghai, there are still many places to go.
Since so many people can’t do activities together, we should have fun apart.
Just planning an event like this requires a lot of manpower and resources.
Just let the secretary handle this small matter.
Afterwards, the activity plan will be submitted to him and can only be implemented with his approval.
This can be considered a major encouragement amid the recession.
"Boss, we still have team-building activities this year?"
“It must be.”
Chen Pingsheng is still thinking about ensuring that all employees of the group have company-owned housing to live in, and now all the houses in the Tengying community have been sold out.
It still wasn't enough to accommodate everyone, so he planned to buy another piece of residential land.
Another 12,000 to 16,000 houses will be built.
As long as you have money, you don’t have to worry about anything. 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 accommodate the group's senior executives.
We don't need too many houses of this type, just a few hundred will be enough.
It was still quite cheap for him to buy the land in Jinshan, especially in the current situation.
It is estimated that 5 billion yuan will be needed to purchase land and start construction.
If others want to take over his project, they will also need to advance the money.
With the influence of Tencent Film Group, there is no problem.
Chen Pingsheng immediately went to find someone to get this done in advance.
(End of this chapter)
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