Chapter 622 Excess Cash Out

"If you ask me, I would definitely cash out Tesla first."

"The market value of 520 billion US dollars surpasses Toyota, which is obviously inflated."

"Whether considering it from the perspective of profit sector or future, Tesla is inflated and 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 obviously took advantage of the concept of new energy, and everyone bought a future price.

But in reality, Tesla's net profit in 2019 was only 105 million US dollars.

And Toyota's net profit in 2019 was as high as 140 billion yuan.

The stock price is less than half of it. From this, we can see how much water Tesla has?

Everyone voted and unanimously agreed to reduce Tesla first.

The secretary who was taking minutes of the meeting was scalp numb. It turned out that the big boss who said it was difficult every day.

On Tesla alone, he has 26 billion US dollars in equity assets.

He spent a lot of money on Tengfei New Energy, but at the same time, he also invested countless money in the new energy industry.

Especially Tesla, the world's number one in new energy, has been continuously bought for 5 years.

Now she realized that the whole world is short of money, and the boss is not short 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, and it doesn't matter if the boss takes out 20 billion to subsidize employees.

It turns out that the east is not bright, and the west is bright.

Just relying on the investment in these two stocks, he made a lot of money.

It is definitely true that the domestic economy is going down, and it is also true that the boss is getting richer and richer.

This is the more you spend, the more you have.

The meeting lasted less than half an hour, and everyone unanimously voted to reduce Tesla first.

Chen Pingsheng also agreed, but he would not reduce it all.

He called the Tengfei Fund on Wall Street, and the goal within a month was to reduce 2% of the holdings.

The cash out amounted to about 10.4 billion U.S. dollars, which is 71.5 billion yuan in RMB.

This is also his largest cash out so far.

After the cash out, how to spend it is another big deal.

Tengfei New Energy has enough funds for 2020, and he is still preparing to allocate 20 billion yuan.

The main reason is that the new energy market is about to see a sales blowout. In addition to building more super factories, the battery side also needs to expand production.

All of this costs money.

In addition, he is also preparing to take out 31.5 billion yuan to increase his holdings in Nvidia.

Artificial intelligence is definitely a future trend, needless to say.

Nvidia, which is expected to be the world's number one in the field of artificial intelligence, is likely to see its stock price soar further.

His 30 billion yuan seems a lot, but he can actually buy only 1.2%.

Adding what he already has, his personal holdings in Nvidia are about 4%.

Tesla will only have 3% left, and it is definitely not going to reduce its holdings this year.

The remaining 20 billion will be used to invest more in Tengnong Breeding to expand its influence in agricultural production.

At least 15 billion will be invested in that.

Complete the expansion of 12 provinces.

With this wave of transformation, Tengying Group seems to be in a difficult situation.

The actual situation is that it can take out 40 billion US dollars in cash reserves at any time.

It is still the kind without any debt. Which other private enterprises in China can do this?

With this amount of cash reserves, if he goes out to buy assets now, I don’t know how many giant companies he can buy back.

Chen Pingsheng certainly can’t do that, and there is no point for him to do so.

The 30% discount now will be broken in two years.

Xu Daibei, who claims to have 300 billion cash reserves, is just bragging.

I’m afraid his life is very difficult now, this old guy is in danger.

Chen Pingsheng is still taking it step by step.

His wife is in charge of the company’s health field. With Shui Yunjian there to support her, there is no need to touch his money.

He still follows the original plan and continues to expand in the technology field, including agricultural production.

As for the traditional sector, just hold on. When the disease can be completely cured, it may get better.

He is not in a hurry anyway. There is no need to worry about food at home.

Xu Daibei is indeed in a hurry. He even organized a 30% discount on house sales.

The general meaning is that the buyer can get a lot of corresponding benefits and rewards by introducing other buyers.

Those who dare to drag their relatives to buy houses now are definitely cheating their relatives to death.

In the future, there will be no relatives.

After the meeting, Chen Pingsheng had a private chat with the dean of the Economic Research Institute.

Let’s not talk about this year. As long as the 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 have the previous consumption enthusiasm.

Just hold on. When he really can’t hold on, he doesn’t mind buying some high-quality assets at the bottom.

“Boss, our Tengying Group has never been short of money.”

Tang Jing laughed a few times, as if he was very proud.

"We are not short of money, we just want to prevent everyone from borrowing money, and also to make the group's executives maintain a sense of crisis."

"Oh, I see a lot of people in the employee group are discussing whether the group is in crisis or something, and they want to crowdfund."

"That's thoughtful."

Although he is not short of money, he is still very pleased that his employees have such ideas.

Chen Pingsheng said: "You ask the group's corporate publicity department to adjust the publicity direction. There is no need to deliberately create that sense of crisis. In June, our group can hold a three-day team-building activity. Don't consider the cost. I will personally take out 800 million to organize this activity."

When the crisis has not come, the group should publicize the crisis so that employees can be vigilant at all times.

When the crisis has come, we must maintain an optimistic attitude.

800 million seems to be a lot. If all the employees at his Kingsoft headquarters are added together, there will be at least 40,000 to 50,000.

How can you organize a team-building activity for so many people without hundreds of millions of expenses!

He personally paid 800 million, and major listed companies also had to pay a part, and 1.2 billion was enough.

If you want to have fun in Shanghai, there are still many places.

So many people can't do activities together, and they have to have fun separately.

Just planning such an event requires a lot of manpower and material resources.

Let the secretary do this little thing.

Afterwards, the activity plan will be submitted to him, and it can only be implemented after his consent.

This can be regarded as a large-scale encouragement under the depression.

"Boss, do we have team-building activities this year?"

"We must have."

Chen Pingsheng is still thinking about letting all the employees of the group have company houses to live in. The houses in the current Tengying community are all sold out.

It is still not enough to arrange for everyone, and he plans to buy another piece of residential land.

Build another 12,000 to 16,000 houses.

There is no worry about money in hand, and it is still necessary to build a high-end community of Tengying Phase II.

In addition, a top-level villa area must be developed to accommodate group executives.

There is no need for too many such houses, just a few hundred will do.

He bought land in Jinshan at a relatively low price, especially in the current situation.

It is expected that 5 billion yuan can be used to buy land and start construction.

If others want to take over his project, they also need to advance funds.

With the influence of Tengying Group, there is no problem.

Chen Pingsheng immediately went to find someone to prepare to do this in advance.