Chapter 147 Investing in Tesla
Doing business honestly is Wen Ming's original thought.
He has a lot of confidence that he can use the technology he got through his 'daydream' to make his Apple the third Apple that really changes the world." However, even if he didn't look at the threat of 'daydreaming', just looking at the peeps he encountered in the process of honestly doing business, he gave up his original thoughts.
To be a real capitalist, there are times when you have to use 'immoral' means.
Martin Eberhard didn't expect Wen Ming to become so direct, but he also figured it out in an instant, because since he landed on Jurassic Island, Wen Ming has been suppressing him. Jurassic Island, which is unique in the world, how could it not add an aura to Wen Ming?
In other words, when Martin Eberhard decided to find Wenming, he had already fallen into Wenming's situation.
The incredible Apple is undoubtedly a behemoth for Tesla, and Martin Eberhard, who is only a shareholder of Tesla, how can he not have stage fright in the face of a figure with his own halo like the founder of Apple?
It has nothing to do with age, it has to do with wealth and status.
"I'd love to get your friendship, so I'd like to be able to tell you a little bit before discussing an offer about a Tesla stake in my hands."
Self-exposure has always been a taboo in the shopping mall, but after being taken the initiative by the other party, Martin Aberhard can only make this decision in order to gain a certain degree of initiative.
"I don't have the highest decision-making power at Tesla, or rather, my stake does not give you the highest decision-making power in Tesla."
"On top of that, I also got the news that Daimler is ready to pay $50 million for a 10% stake in Tesla," Martin Aberhard said. ”
This news made Wen Ming frown, for him now, 50 million US dollars is naturally nothing, but for Teslai, who is about to be unable to pay his salary, this is tantamount to a charcoal in the snow.
Not only can Tesla's funding week change to normal, but it can also allow them to have a certain amount of R&D funds.
What's more, Daimler is strong.
Daimler AG, headquartered in Germany, ranked 17th in the world's top 500, is the world's largest commercial vehicle manufacturer, the world's largest luxury car manufacturer, and the second largest truck manufacturer. The company's most well-known product is Mercedes-Benz!
If Tesla gets Daimler's investment, then Tesla will inevitably enjoy some of Daimler's resource channels and some high-end user groups of Daimler in the future.
It is not necessarily the rich who buy Mercedes-Benz, but the rich have either become customers of Mercedes-Benz or are the target customers of Mercedes-Benz.
The new energy vehicles produced by Tesla, targeting customers are also high-income groups, taking the first coupe they just launched, the price is as high as 110,000 US dollars, which is still in the case of a loss of 10,000 US dollars in manufacturing costs, it is definitely not an exaggeration to say that luxury cars.
Daimler and Tesla, one needs new energy technology, and the other needs capital and customers. Their union is bound to have a very far-reaching impact on both parties.
Wen Ming doesn't remember that in another world, Tesla turned the corner because of Daimler's $50 million, but whether he remembered it or not, it didn't have any impact on him.
Because, when he felt that he wanted to win Tesla, Daimler would not have succeeded in taking a stake in Tesla.
"In other words, even if I get your shares, and then propose to increase capital to dilute the equity because of Tesla's financial problems, or even transfer the purpose of the highest decision-making power, it will be a complete failure because of Daimler's shares?"
Wen Ming said what Martin Aberhard wanted to say, and then waited for the other party's answer.
Martin Aberhard nodded and said, "Judging from the current situation, this is indeed the case. Because Elon Musku is an authoritarian man, he has never been willing to be subservient to others, nor is he willing to transfer his promising future to other people's hands. ”
Wen Ming didn't care much about what kind of person Elon Mascu was, he frowned and asked, "How many Tesla shares do you own?" ”
Martin Aberhard replied: "I own 29 percent, while my other partner, Mark Tarpenning, owns 8 percent, and I am confident that I will convince him to sell his Tesla stake because he was also kicked out of Tesla by Elon Mascu." ”
The real founders of Tesla are Martin Aberhard and Mark Tarpenning, who founded Tesla and did not have the money to develop the company, and Elon Mascu invested $6.3 million in 2004 to become Tesla's chairman and top decision-maker.
(PS: Sorry, I can't find the equity distribution amount at that time, except for the equity amount is fabricated, all of the above are true, including $6.3 million.) )
Wen Ming thought for a moment and said: "In other words, I can get 37% of Tesla's shares, but if Daimler is willing to inject capital, that 10% of the shares will be diluted together between me and Elon Mascu's shares." In other words, I will only have 32% of Tesla shares left, and I still don't have the highest decision-making power. ”
Martin Eberhard nodded and said, "Yes, and, because of the $50 million capital injection, you won't be able to find a reason to ask for a capital increase, which means there's no way to dilute their equity and then increase yours." ”
Wen Ming sighed in his heart, he didn't feel that it was difficult to acquire Tesla, but that the money was really easy to earn.
What is the market value of Tesla in the future?
It's not as good as Facebook, but it's absolutely no problem to reach $60 billion. Even if he buys Martin Aberhard and his other partner's shares at a 30% premium, it will only cost $240 million, and 37% of Tesla's shares, even if diluted by 5%, will be worth $19.2 billion in the future.
In less than ten years, $240 million has become $19.2 billion, and even Bill Gates will be jealous of this kind of business.
Moreover, Wen Ming is very willing to increase his capital to dilute his stake, and he has much more money than Elon Mascu, especially in terms of cash. If he starts to dilute his funds, then he will definitely be able to get a bigger profit.
If he only cares about making money, he can start buying shares directly.
But Wen Ming didn't want to earn the $19.2 billion, he wanted to make more money.
"I want to know when you will be able to complete the equity transfer as soon as possible, and whether your shares will allow me to reject Daimler's capital injection."
Wen Ming's problem is critical, because a company wants to sell equity in exchange for development funds. The first person to sell must normally be a shareholder of the company, and only when the shareholder is unwilling to continue to inject capital, will he turn to capital outside the company.
37% of the stake plus 10% of the $50 million injection in exchange for that is 47% of the shares. In the development process of Tesla, Wen Ming is willing to use some means to bring Tesla to the point where it must seek financing again.
When the time comes......
Martin Aberhard laughed, he said for a long time, and finally grasped a certain degree of initiative.
"My speed depends on whether I can get a stake in Apple."
(PS: I want to break the chapter here, wahahaha.) )
This sentence made Wen Ming stunned for a moment, then laughed and said: "I only accept a premium of 30%, if the premium at this level does not satisfy you, I will be happy to take you to continue to visit Jurassic Island, you know, this island of mine can be played for several days." Moreover, I also hope to use your vision in new energy vehicles to help me refer to some car companies similar to Tesla. ”
In the dialogue between the weak and the strong, the change of initiative can only be temporary, and when the strong begin to flip the table, no matter how much the weak grasp the initiative, it will not help.
Wen Ming is not afraid that Martin Aberhard will not sell, because he already has plans to buy other electric car companies.
Although only Tesla has a mature production line, in the face of money, those new energy vehicle companies that do not have a mature production line will not necessarily waste too much time.
The final decision was given to Martin Aberhard, which means that the initiative is still in his hands, but does Martin Aberhard still have a choice?
I wanted to steal the chicken, but I was pushed to the edge of the cliff.
Martin Aberhard looked at the young man in front of him who was only 20 years old in a few days, and smiled helplessly and said: "If I can, I can sign the equity transfer letter today." As for my other partner, he can sign the share transfer letter tomorrow at the earliest. ”
Wen Ming was not ready to wait, he knew the truth of long nights and dreams, so he immediately asked Lilith to contact the Sith.
After confirming Martin Aberhard's lawyer through a video call and bringing no problems with the equity certification materials, Wen Ming signed the equity transfer form.
At the same time, $188.5 million was also hit on Martin Aberhard's account.