Chapter 626 Large-Scale Investment

The economy is not doing well and investment in various places has decreased.

This is the economic situation that has been revealed since 2020.

But all this seems to have nothing to do with Tengying Group. In May alone, it announced two large tens of billions of projects.

It’s still a big technology project worth over 20 billion, and the happiest one among them is naturally Jinshan.

Chen Pingsheng still has a very clear plan, after he has invested in all the projects he should invest in this year.

There will be no particularly large projects in the next two years, and there will be no reduction in Tesla shares before the end of the year.

The remaining proportion is only 1%.

It is expected that the cash will not be cashed out until 2021 to completely complete the funds needed to take off new energy in 21 years.

According to the current market value of Tesla, it should be able to cash out about US$6 billion to US$7 billion by 2021.

With this money, Tengfei New Energy will live a prosperous life next year.

Since this year, he has significantly increased investment in the technology sector. From the beginning of the year to now, he has taken 70 billion in funds to supplement the technology field.

In terms of capital investment alone, it is definitely far ahead, and the result is likely to be unparalleled.

This is really expected.

As for the Nvidia shares in his hand, he will not cash them out for two or even three years.

Because artificial intelligence is far from reaching its peak, it is still only in the take-off stage.

Selling at this time will undoubtedly reduce your income to the greatest extent.

Whether we can live a prosperous life in the next few years depends entirely on Nvidia's growth.

The current market value is still around US$510 billion, and his stake is 5%.

Its market value is about US$25 billion.

Even if it doesn't rise, having this capital can push his technology sector forward a lot.

At least there will be no problem for Tengfei New Energy to turn losses into profits and complete its listing.

As for the artificial intelligence sector, it’s hard to say.

AI smart driving, which has been developed for five years, is definitely no problem.

In June, Chen Pingsheng met with District Chief JS in a pavilion in Jinshan.

Thanks to Tengying Group’s heavy investment in Jinshan in the past two years, especially under the adverse trend, it also spent tens of billions to build such a national artificial intelligence technology industrial park.

The JS district chief, who had not been touched in many years, was promoted.

He can become the deputy city of the Magic City in one step, but don't underestimate this step. This step is crucial to him.

Before being promoted, he invited Chen Pingsheng to come out and chat for a long time alone.

No one knew what they talked about, but Chen Pingsheng kept Xiao Ya with him.

The meaning is self-evident.

The position of deputy city manager in the city must be very high. I don’t know which section he will be responsible for after his promotion.

Transportation, finance, education, taxation, National Development and Reform Commission, health, or urban construction, new science and technology zones?

The work here is very tedious and complicated.

The specific sectors in charge will not be known until he officially takes office.

Chen Pingsheng definitely can't control this. He can only try his best to be himself and build good relationships with others.

In the future, we will help anyone in need, but it depends on the situation.

After the conversation between the two ended, he returned to Jinshan headquarters.

In another half month, the old Chen family will all be able to move to a new home.

The Jinshan super villa, which has been built for several years, is finally habitable.

Chang Fu came over to look for him again. He was living a leisurely life now, running a business of traditional Chinese medicine and physiotherapy and enjoying himself every day.

It's almost the kind of person who is preparing for retirement. Usually, the most I usually do is go to Gao Hu's place to see how his internet celebrity is doing with his products.

"I said, Lao Chen, you are really willing to spend money on NVIDIA, aren't you afraid that it will fall?"

Lao Chen is doing well in his own business, and his investment business is also doing well.

On Tesla stock alone, it made at least no less than 25 billion US dollars.

What the hell is this concept?

I made a profit from a Haidilao company for no reason, or the total market value.

Haidilao, as the number one stock in the domestic catering industry, has a market value of 200 billion yuan this year.

Lao Chen made $25 billion in cash from Tesla.

Simply don't exaggerate.

Chang Fu also wanted to learn stock trading from him. Originally, Yang Qian asked him to buy Nvidia with Lao Chen's family earlier.

But he looked at the market value of 150 billion US dollars and refused to buy it.

The main reason is that it is too high, and it will rise to more than 200 billion US dollars even if it lasts.

How much can he earn even if he gets in?

But who would have expected that in just two years, the value would soar to more than 500 billion US dollars.

Even with such a rise, Lao Chen still invested 28 billion in mid-May to increase his holdings.

This is already 500 billion US dollars, can it still rise?

Chang Fu expressed serious doubts.

He still has some money in his hands and has invested in many domestic listed companies.

I've made a little bit of money, last year the increase was around 15%, which is pretty good.

But people are afraid of comparison. Compared with Lao Chen’s investment in Tesla, this is nothing.

"It is impossible to make a guaranteed profit without losing money in investment, but long-term investment must look at the wind and trends."

Chen Pingsheng said: "In 2016, I knew that new energy was a trend. I have been increasing my holdings in Tesla for four consecutive years. It is not just a new energy company. I have invested in BYD and others for the future of China. Facts have proved that new energy will be the trend." The energy track is indeed still good, and the overall growth is upward.

“Last month I went overseas and held two global economic conferences. Among them, artificial intelligence was mentioned the most at the conference. There is no doubt that the future will be the era of artificial intelligence.

"You think Nvidia seems to be very high now, but you have to know that it is the company with the most potential in the field of artificial intelligence. Do you know what this means?"

Chang Fu smiled bitterly and said: "My wife has always asked me to invest with you. You have also said long ago that the new energy field will rise. I just hold on to the money and dare not throw it in."

"Don't feel sorry for yourself. No one knows what the future will bring until this thing is finally cashed out."

Chen Pingsheng said: "It's just that I did make a lot of money with Tesla."

He actually made more than 20 billion US dollars on this stock.

Nvidia has invested more than 60 billion in total.

As long as you don’t get to the point of successfully cashing out, who knows how much you can earn?

Chang Fu felt jealous and distressed because he saw him making a lot of money.

His wife Song Yanxi has long said that everyone should invest their money in the new energy sector, and many relatives in the family have followed suit and bought Tesla.

Making money is certain, it’s just a matter of how much.

Stock trading is still very risky. If he can make money, it is the result of too many people helping him analyze it.

Chang Fu makes little money because he likes to listen to inside information.

When I hear this inside information today, I run out to buy some. When I hear that inside information tomorrow, I run out to buy some again.

The result is that it stays the same throughout the year, far inferior to long-term holdings like his.

After he has spotted a stock, he usually holds it for four or five years.

Very few sell them in the short term, and some occasionally buy at the bottom.

Just like last year, when Future's stock price fell through the floor, he bought a few hundred million.

Then it rose more than 30 times within a year, and he sold it when it reached 20 times.

The main reason is that I feel that the future boss is not very reliable.

Chang Fu followed him and made a lot of money on this stock, and he only made a lot of money from stock trading last year.

Otherwise, there would be no money to be made from his so-called inside information.

He can hear inside information even after washing his feet, and he is like no one else.

This is a bit too much inside information.