For the alliance leader is so coquettish, I reward more, thank the alliance leader for another 10,000 yuan reward.

……

The Wall Street Journal once published a commentary article saying that if Wen Ming leaves Apple empty-handed, as long as he registers a company, even if he rents an office address, even if he does not have any product ideas, the valuation of that company can reach 10 billion US dollars.

This statement is, of course, an exaggeration, in order to show the genius of Wenming and the importance of Wenming to Apple.

But the people of Sequoia Capital did not expect that Tesla's current CEO Zev did not expect that in just two weeks after Wen Ming acquired Tesla, Tesla's valuation changed from $500 million to $20 billion.

Now it seems that the opinion piece published in the "Wall Street Times" really looks down on Wen Ming.

"You say, if Sequoia Capital's valuation of Tesla really meets your expectations, will the Wall Street Times delete their previous opinion piece?"

Cage, who stayed at Tesla, asked very excitedly that he had not been able to meet a legend like Moretz because he had to deal with some of Tesla's technology patent applications.

But he didn't feel at a loss at all, because in his opinion, there was no one in the world who could compare to Wen Ming's legend.

Wen Ming said with a smile: "It's not a review article on the Internet, their newspapers have been sold, can they still take back the newspapers from the buyers, and then destroy them and republish them?" ”

Cage was just joking, and then asked seriously, "Do you really want to accept Sequoia Capital's capital injection?" With Tesla's existing technology and your funds, you don't need anyone's financial support at all. At this time, wouldn't it be a big loss to let people buy shares? ”

Wen Ming also said: "The problem can't be seen like this, Sequoia Capital has a factory that is very important to us, which can increase the production of Tesla cars. In addition, the factory was approved for expansion. ”

"If you have Sequoia Capital's shares, in addition to being able to make more profits, Tesla will also be able to achieve a higher market value. Don't forget that without the help of this kind of capital, it is even more difficult to achieve a high market capitalization immediately after listing than to climb Mount Everest. ”

Cage nodded knowingly and said, "Yes, we have inquired about where the factories are for sale before, but in terms of price and scale, they are not as suitable for us as the one mentioned by the Sequoia Factory." After all, a factory that can produce cars is not a supermarket store, and someone can change hands at any time. ”

At this time, only 6 hours had passed since Moretz's departure, and after Wen Ming and Cage chatted about applying for a technology patent, they got the news that Moretz had come to visit again.

"So fast?"

Wen Ming was a little stunned, but he still took Cage and Zev to meet Moretz.

And when Moretz came this time, it was not three or two people, but a team.

Compared with Wen Ming's astonishment, Moretz has already made up his mind to invest in Tesla at this time, and after entering 2010, the investment market environment is actually not very good. Those genius product ideas, whether in Internet companies or in the real industry, are becoming more and more rare.

Some of the product ideas of fried cold rice have regained the market because of the improvement of the overall hardware development level. What's more, is it a company like Tesla that has the technology to innovate an industry?

After the two sides exchanged pleasantries, Moretz led several people into Tesla's conference room, including the head of Fund 8 and the chief analyst of Sequoia.

On Wen Ming's side, there are only him and Cage, as well as his assistant Lilith, and Zef, the current CEO of Tesla.

"We have re-evaluated the valuation of Tesla, and we think Tesla can reach a valuation of $15 billion."

Sequoia's chief analyst tried to make a 500% increase in valuation to make Wenming have little room to refuse.

"We want to get a 20 percent stake in Tesla with $1 billion in that factory and $2 billion in cash. At the same time, we are not involved in any management affairs of Tesla. In the same way, we can give up the right to cash out first when Tesla goes public. ”

Other conditions are the same as Moretz's previous statement, the difference is that Sequoia Capital's demand for shares has been reduced to 20%, and the amount of money paid has been increased to $3 billion.

The expressions of Cage and Zefu next to him changed instantly, and they were excited because of Sequoia Capital's offer.

Wen Ming sighed in his heart, there is still a lack of some treacherous and cunning people around him, showing excitement at this time, doesn't it mean that he is very satisfied with Sequoia Capital's offer?

"If you can accept a $23 billion valuation, we can sign the contract now."

He was not shaken by the sudden increase in valuation, and a 500% increase, because he took control of an Apple company that was destined to become a business empire. On the contrary, he is still in the mood to bargain with Sequoia Capital.

Sequoia Capital's expression did not change, the chief analyst took out a document, handed it to Wen Ming, and then said: "We have analyzed the global pure electric vehicle market, as well as the selling price and profit of Tesla cars, as well as production capacity, and 15 billion US dollars is the most accurate valuation result we have gotten." ”

"Believe me, there is no investment bank that can offer better terms than us. After all, we've given up management decision-making power, as well as the right to cash out first. ”

Wen Ming casually flipped through the information, and then said with a smile: "You gave up the right to manage decision-making because you know that no one can lead Tesla more than me." You don't want to cash out because you want to hold a stake in Tesla for a long time. ”

"Compared with other investment banks, the only thing that can impress me more is that one factory."

"If the price can't be negotiated, I don't mind wasting half a year and reinvesting in a factory by myself."

"As far as I know, the factory we have in our hands took more than 18 months to build. Moreover, that is under the premise that Toyota has a lot of experience in building factories. What's more, it now takes at least half a year to get approval to build an automobile factory. ”

From here, Wen Ming and Moritz and the others began to bargain back and forth.

Moretz's people were able to interject, while Zev and Cage, who were on Wen Ming's side, could only reluctantly put forward some opinions.

This is not only a gap in experience, but also because Cage and Zeef are already very satisfied with a $15 billion valuation. The two of them are not as confident as Wen Ming about the future of Tesla.

In the case of one enemy and three enemies, Wen Ming did not have the slightest stage fright because of the strong self-confidence brought by technology.

An hour and a half later, the two sides were finally tied.

"At a $21 billion valuation, we get a 20% stake in Tesla with a $1 billion factory and $3.2 billion in cash."

"Believe me, Mr. Wenming, this is the highest price that an investment bank in the world can pay," Moretz said. ”

Wen Ming laughed and said, "Mr. Moretz, please believe me, this will be the most correct investment decision you Sequoia Capital made in 2010. Even, comparable to your investment in Google and Yahoo. ”

Moretz smiled helplessly and said, "The money we invested in Yahoo and Google combined is not as much as the money we invested in your Tesla." And I believe that Tesla's market capitalization is unlikely to surpass Google's. ”

Wen Ming continued to laugh: "It is indeed difficult for us to exceed the market value of Google, but as you expected, we may exceed the market value of Yahoo by $100 billion, and you will not find a company like Google to invest." ”

Cage and Sequoia Capital's lawyers have begun to sort out the financing contract, and Wen Ming once again asked Moritz a question.

"Mr. Moretz, now, you can tell me your Sequoia Capital's analysis report on Nokia and P mobile phone systems, right?"

Moretz gestured to the lead analyst and said, "Actually, I've already brought the analysis report. ”

Wen Ming was stunned for a moment, and then asked, "You mean, if we can't reach a financing agreement today, you won't report that to me?" ”

Moritz didn't expect Wen Ming to ask so directly, and smiled awkwardly: "Of course not, it's just a gift." ”