Chapter 151: I Want to Vomit Blood (3/6 Subscription)

"Daimler has already sent people to visit our company."

After greetings and a routine visit to Apple's biotechnology research institute, Wen Ming and Elon Mascu got to the point.

As the chairman of Tesla Inc., Elon Mascu decided to take the lead.

"It took us eight weeks to convert a Mercedes Smart into an electric car, and of course, that's because you haven't become a shareholder in the company, so you don't know about these things."

Elon Mascu made a joke and laughed, which was part of the precedent. Wen Ming also laughed, but his smile was like the feeling that I just quietly watched you pretend to be X.

Elon Masku continued: "Daimler was so interested in the technology that they decided to invest $50 million into our company. My opinion is that you and I will each take 5% of the shares and then complete this financing. In this case, the valuation of our company will reach about $700 million. ”

Valuation is not the same as the ratio of the amount raised to the equity, because the acquisition of a stake in a company as strong as Daimler can increase the value of a company. From $500 million to $700 million, to be honest, it's a bit conservative.

Of course, Elon Mascu's reason for being conservative is because he knows that whether it is saying that Tesla is worth $700 million or exaggerating that Tesla is worth $1 billion, it doesn't make much difference to Apple's founders.

Daimler is a Fortune 500 company, while Apple is not, and this difference is only because the 2010 Fortune 500 list has not been updated, while the 2009 Fortune 500 list has been published before Apple's rise.

From this, it can also be seen how fast Apple's development is going, and the speed of updating the world's top 500 list can't catch up.

Wen Ming waited until Elon Mascu's performance was over, and then said with a smile: "You know, I said at Apple's last press conference that my goal for 30 years old was only to earn $1 billion, however, what I didn't expect was that I have now earned $10 billion. ”

Elon Mascu said that Tesla's valuation was very conservative, and Wen Ming was also very conservative when he said that he was worth, so conservative that Elon Mascu, who is 39 years old this year, had an unnatural expression.

At this point, Elon Mascu's inner narration is hysterical: Who doesn't know that your Apple company is valued at $150 billion? Who doesn't know that Bill Gates has endorsed this idiot-like valuation? You will not have an opinion if you say that you are the richest man in the world, Bill Gates.

You're so crazy, does your family know?

To Elon Mascu's disappointment, Wenming's hubris was not over.

"As far as I know, Daimler's revenue last year was $165.8 billion, which is an incredible number. However, their profit was only $9.3 billion. ”

The profits of the automotive industry are actually not as high as many people think, and users feel that the car is expensive, and the maintenance cost of the car is expensive, just because there are too many interest groups between manufacturers and customers.

"And although my Apple's current revenue is only more than 10 billion dollars, our profit has exceeded 3 billion dollars. That's just over a quarter, and if you count it on a year-by-year basis, my Apple revenue has already surpassed Daimler. So, I said that my Apple is more powerful than Daimler, and there should be no problem, right? ”

The statement that the revenue exceeds Daimler, which is actually a strategy of Wenming, because as Daimler engaged in the automotive industry, they have fixed assets such as factories that Wenming cannot surpass at present.

But there is nothing wrong with Wenming's statement in essence, because Daimler's market capitalization has not been high, and the current market value is only $75.4 billion. Although Daimler's assets are as high as $230 billion, most of those assets are assets that are difficult to cash out, including virtual assets such as brand value.

At the end of the day, market capitalization is all about a company's earning power, that is, its annual net profit.

Just as Toyota has always been the leader in the automotive industry, the reason is that their annual profit can reach 19.3 billion US dollars, so their market value can reach 170 billion US dollars. Volkswagen, which ranks second, has an annual profit of only $7.1 billion, resulting in a gap between their market value and Daimler.

Therefore, this is the reason why the market value of high-tech enterprises is high, because in addition to the cost of research and development, the product cost of high-tech enterprises is relatively low, and the user base is much wider than that of automobile companies.

Naturally, the ability to earn money is also much higher.

Elon Mascu heard Wen Ming's question, so he could only nod helplessly and said: "If your Apple company goes public, I don't think it's a problem for the market value to exceed all the car companies." Of course, there is no problem with this fact that Daimler is stronger than Daimler. ”

Wen Ming laughed, his B pretend was very successful, and it completely frustrated Elon Mascu's idea of taking the lead.

In fact, the arrogant Wen Ming felt that he was still a little unqualified and arrogant, and he was also a little sorry for Jobs, because since the release of the iPhone and iPad, Apple's annual revenue has been able to reach about 230 billion US dollars, and the annual net profit can reach about 53 billion US dollars.

Compared to what he has achieved now, it is simply several realms higher.

Therefore, the market value of Apple in another world can exceed $800 billion, and attack the position of the first company in history with a market value of more than $1,000 billion.

Of course, Apple's net profit margin is only 22.8%, while Wenming's Apple's net profit margin can exceed 30%, this gap is because Wenming does not need to invest huge R&D funds.

So, his Apple will definitely be better in the future.

"So, why are we accepting Daimler's capital injection?"

Wen Ming spread his hands, looked at Elon Mascu with a sincere face and said: "Moreover, I think 50 million US dollars is too little for a company engaged in new energy research. Why don't we each take out one or two hundred million dollars to play? ”

Have a ......

This word hammered wildly in Elon Mascu's heart, making him feel the urge to vomit blood, if it weren't for the fact that most of his money was invested in SpaceX, that is, SpaceX, and SpaceX had three major accidents last year, it would not be too difficult for him to come up with one or two hundred million dollars.

However, he was only able to come up with one or two hundred million dollars.

Have a ......

Elon Mascu resisted the urge to vomit blood, saying: "Actually, the company doesn't need that much money, and Daimler has a lot of resources. If we can get him to take a stake, it will be very beneficial for the future development of the company. ”

This is the truth, Elon Mascu has gone from taking the lead to fighting now, all because Wen Ming can take out one or two hundred million dollars to play at will.

I have to say that sometimes it is good to be arrogant, but the premise of arrogance is based on strength.

Wen Ming was now deeply touched by this, so he decided to continue to be arrogant.

"Daimler does have a lot of resources, I admit that. However, I think that the way to obtain Daimler's resources can be completely changed. ”

Hearing this, Elon Mascu already had a premonition, and his heart began to hurt again.

Sure enough, Wen Ming said: "As far as I know, because the net profit margin is too low, Daimler has been looking for ways to sell or integrate some of his businesses. For example, in 2007, they sold 80% of their Chrysler Group for 5.5 billion euros. ”

"So, I'm planning to invest in Daimler. In this way, some of their resources can be shared with Tesla. ”

Elon Mascu didn't care about Wen Ming's last words at all, because his mind kept echoing with one of the decisions Wen Ming said - to invest in Daimler.

As for whether Daimler's resources can be shared with Tesla at that time, what does it have to do with him?

According to Wen Ming, the reason why Daimler and Tesla share some resources is that Wen Ming injected capital into Daimler, and now he is seeking capital injection from Daimler......

I really want to vomit blood!