Chapter 305: The Big Car Incident

The dispute between Porsche Volkswagen and Volkswagen finally reached the last critical moment, and Zhou Shi's fund exercised its rights and purchased 300 million euros of Volkswagen shares to kick off the decisive battle. The stock price fluctuated like a roller coaster, with the highest price rushing to 300 euros and the lowest share price below 200 euros. However, Porsche announced its position a week earlier than in its previous life, also on Friday, September 17, and they hold 73 percent of Volkswagen's shares and options. Together with the 20.1 percent of Volkswagen shares held by the Saxony government, there are 93.1 percent of the shares, which means that only 6.9 percent of the shares are in circulation on the market, but at this time shorting Volkswagen's shares is equivalent to 11% of the total share capital. There is no way to fill 4 percent of this stock, which means that as long as Porsche's stake does not move, Volkswagen's stock can theoretically rise to infinitely high heights.

Things are similar to the previous life, and Zhou Shi is not clear at all about the negotiations under the table. However, from the excited phone calls of the chairman of SAIC and Huatou, Zhou Shi knew that they had at least made a lot of money. Zhou Shi also made a lot of money from it, making a profit of more than one billion euros. The nascent Tianhe Securities has also begun to show its strength or re-emerge this time, causing a lot of sensation in the industry, and the sales of Xuanwu Fund are more popular in Europe, and the attraction of Suzaku is still huge.

Australia's DSI was also won by Galaxy Capital, which kicked off the formal peace with Qirui Automobile. This time, it was not Sixiang Fund that came forward, but Galaxy Capital directly invested in the shares. Qirui is different from SAIC, no matter which fund invests in SAIC, Zhou Shi will not have decision-making power, Qirui Automobile is different, a well-known foreign company with prosperous venture capital, Wall Street veterans want to attack a small and medium-sized car company that does not have a strategic position, there are still many ways.

Qirui Automobile is not listed, and his market value is difficult to estimate. According to the situation last month: Buffett subscribed for 225 million shares of BYD at a price of HK$8 per share, accounting for about 10% of BYD's shares after the placement, and the total transaction price was about HK$1.8 billion. In other words, BYD's market value is about 18 billion Hong Kong dollars, of course, now BYD's share price has risen by about 50%, and the approximate market value is 3.5 billion US dollars. However, BYD also has a secondary rechargeable battery business and a mobile phone parts and formation business, and the automobile business should be around one billion US dollars. If you don't compare it with BYD, Geely Automobile, which is closer to Qirui, has a market value of about $600 million, and it doesn't exceed $1 billion anyway.

Galaxy Capital acquires DSI transmissions at a cost of $100 million. And because of the early start, most of the R&D personnel are still retained, and after the acquisition of Galaxy Capital, a sum of money was invested to let them continue to operate and retain the R&D team. But now under the financial crisis, most of those people have nowhere to change jobs.

The three major U.S. auto companies are in danger of bankruptcy, and if Qirui can take the opportunity to attract talent and technology, it may become the leader of its own domestic brands. The key is whether Galaxy Capital can occupy a majority of the equity. The conditions offered by Galaxy Capital were Saboga DSI plus some cash and no more than 50% of the shares. Or add that the Four Elephants Fund holds more than 51% of the shares. No matter how to reduce the influence of the government on the enterprise, Galaxy Capital also promised Yin Tongyue and other management positions to be unwavering, adhere to technology research and development investment and other conditions. The key to this is also Saab, although even if it cannot acquire Saab, Galaxy Capital will also take a stake in Qirui Automobile, but Chery, which owns Saab, obviously has greater potential.

However, Zhou Shi didn't need to worry about these things, and there were a large number of talents to serve him. And at this time, the efficiency of the acquisition is very high, and the same price as before the financial crisis nearly doubles the manpower to serve him, such as law firms, such as accounting firms!

Zhou Shi finally had time to go for a ride in his Tesla Roadster, which was supposed to cost $100,000, but it turned out to cost $110,000 when it was officially released.

"Are you so worried that consumers have opinions?" Zhou Shi drove to find Musk, this guy finally couldn't stand others standing in the front desk, enjoying the scenery, and was determined to enjoy all the glory of Tesla alone, so as the chairman of Tesla, he drove away the two CEOs and walked to the front of the stage himself.

"No way, the cost of this car is 120,000, and I will pay for one if I sell one!" Musk said scoundrel.

"This is the funniest joke I've ever heard, there are people who sell cars at a loss, hehehe!" Zhou Shi pointed at Musk, expressing no belief at all.

"It's true, the cost is so high, believe it or not, here's our cost list. "Musk is speechless, it's really okay.

"It's good now, your reputation as a liar is better, and you actually want to die by yourself" Zhou Shi continued to ridicule, Musk's space rocket program made many people on Wall Street think that he was "a liar of the century with bad intentions".

"Thank you for your help!" Musk said suddenly gratefully.

On August 3 of this year, SpaceX carried out the third launch of the Falcon 1 rocket, and the rocket began to tremble two minutes after liftoff, lost contact with the ground, and the rocket launch failed again. This is already his third consecutive failure, Musk has accumulated little wealth through the Internet, and investors have almost lost confidence in him and refused to continue investing. In the end, Zhou Shi was found, and he personally and Galaxy Capital invested money, occupying a total of five percent of Spacex's equity. Finally, a month later, on September 28, the Falcon 1 made its fourth launch in the last battle, this time with no company or military willing to carry SpaceX's Falcon 1 rocket, but this time it was finally successful, two and a half years after the first flight of the Falcon 1 rocket.

"Thank you, your successful rocket launch this time is equivalent to letting me copy the bottom once, the company will finally not go bankrupt, and the next financing valuation will at least double!" Zhou Shi

"Without your support, I am afraid I would not have succeeded. "Elon Musk

"But you persevered until you succeeded in the end, and you deserved the glory you have now!" Zhou Shi

"But Bezos is probably angry!" Musk

"Well, there's no way around it, you need more help than him, and I think Tesla and Spacex have a bigger advantage. Zhou Shi was also a little depressed, but he didn't expect Bezos to set up a space exploration company called Blue Origin as early as 2000, and he didn't know how Zhou Shi and Galaxy Capital wanted to invest in Spacex and wanted them to give up this plan. But Zhou Shi and Bezos are not friends, plus he admires Musk more, and has more intersections with the people of the PayPal gang in Silicon Valley, and finally gave SpaceX a life-saving fund.

(End of chapter)