Chapter 2859 Super Factory
Tesla’s delisting plan was planned by Zhou Buqi, which mainly involved the introduction of three capital institutions, Black Rock Capital, Icahn Capital, and his own family fund Fangfei Capital.
A total of US$2.15 billion was invested.
The Zhou family contributed US$270 million, Icahn Capital contributed US$550 million, and the remaining US$1.33 billion was contributed by Black Rock Capital. Blackrock Capital accounts for the majority, and there will be an additional clause, which is to provide Tesla with two rounds of debt financing.
Tesla is delisted, and future financing will be more difficult.
Blackrock Capital is needed to borrow money to help Tesla tide over the difficulties until the next re-listing.
Another important reason is that Musk is reluctant to let Zhou Buqi hold too many shares in Tesla. Prior to this, Zhou Buqi’s shareholding in Tesla reached 25.3%. After this delisting case, the shareholding rose to 28.6%.
The delisting case has been settled.
Next is Tesla’s plan after delisting.
The first is that Zhou Buqi intends to promote a super option incentive plan worth US$10 billion for ten years. As long as Tesla re-lists and the market value stably exceeds US$500 billion within ten years, these option rewards can be fully obtained.
The second is patent open source.
This is all agreed upon.
Musk is ready.
Within a week of delisting, this big plan that can affect the global automobile industry can be announced.
The last step is the location of the super factory.
According to Tesla's internal planning, it is actively developing a new civilian version of the Model 3, which is affordable and has the potential for large-scale mass production. However, for large-scale mass production, the current Fremont factory workshop alone is definitely not enough. A truly modern super factory is required.
Zhou Buqi participated in this plan.
His hope is of course to introduce it into the country.
Musk has a different view. He wants to go to Germany. “Everyone knows that Germany has the most outstanding engineering technology. Germany’s automobile manufacturing capabilities are also second to none in the world and have a large number of technically mature automobile industry workers. I think Germany is The best choice is not only to locate the super factory in Germany, but also to establish an engineering design center in Germany.”
"It is appropriate for the engineering design center to be placed in Germany, but the super factory..." Zhou Buqi shook his head, "You should know that Germany's manufacturing industry is declining, and for various reasons, the German automobile industry is seriously deformed."
Germany's automobile industry is arguably the strongest in the world.
However, the Germans cannot enjoy it.
The price of a German-made Mercedes-Benz sedan purchased by Germans at home is much higher than the price purchased abroad. After all, this is the hometown of Marx and Engels. The idea of equalizing wealth and poverty is the mainstream of society. "Das Kapital" is a must-read for college students. There are various heavy taxes in all walks of life.
For things produced in the country, locals do not enjoy discounts, but foreigners can buy them at cheaper prices, just like in China.
It’s not just the automotive industry.
Zhou Buqi's real estate properties are all over the world. He doesn't even know how many houses he owns. Anyway, Wen Zhixia, Zhen Yu and Aunt Xue in his family all like to buy real estate. However, he does not own any real estate in Germany, mainly because he cannot afford it.
Real estate tax is too scary. The progressive real estate tax is too unfriendly to the rich. A real estate tax of more than ten points is equivalent to buying this house again every seven or eight years. It’s too unfair. Good deal, no investment value.
Many big-name players who go to play in the Bundesliga live in five-star hotels for several years in a row and do not buy luxury homes.
Musk is a typical engineer. He has longed for Germany's engineering society. "I don't think Germany's manufacturing industry is declining."
Zhou Buqi said: "You should still come to China."
Musk said: "I have researched it and it is not suitable. There are mainly three aspects. First, there is a lack of enough outstanding industrial workers and automotive engineers."
"Ah?" Zhou Buqi looked a little funny, "Have you been to China?"
"Been there."
"You really don't understand at all. Industrial workers are a very important social resource in other countries, but they are not an obstacle at all here. Next time you come over, I will take you to see the factories of SAIC and BYD. You It’s all clear. When it comes to industrial workers, the whole world can’t compare to my country!”
This is really not Zhou Buqi's bragging.
It is not just capitalists who brutally exploit workers and give industrial workers extremely low wages and benefits.
What's more important is scientific management.
Factories all over the world, no matter what industry they are in, as long as they are domestic, they must be the latest and most advanced, with the most scientific management, the most thorough processes, and the highest degree of digitization. Domestic foreign exchange mainly flows in two directions, one is to buy foreign chips, and the other is to buy the most advanced foreign lathes. Japan's automobile industry is also very powerful, but Japan's traditional power is still too strong, resulting in Japan being the least digitally advanced developed country in the world.
Not to mention Japan and Germany, even the United States is far less digital than at home.
Not that these countries are backward.
On the contrary, it is because they are too developed. They have been developed for decades and have accumulated too many social assets.
It’s difficult to turn around a big ship.
The resistance to digital transformation will be particularly great.
It's different in China. Let alone social assets, the people once couldn't even afford to eat. They just traveled lightly and fought for their lives. There was no such thing as a U-turn or a U-turn. For example, if you want to build a ham sausage factory, because there has not been one before, you can buy the most advanced foreign production equipment as soon as you get started, and then match it with a digital management system. There is no need for any transformation period or transition period.
This is especially true for the automobile industry.
While Porsche, Mercedes-Benz, and Ford are still using production lines from decades ago, China has introduced the world's leading semi-automatic robot assembly lines. Although the domestic automobile industry is lagging behind, the best production lines and assembly workshops in the world are all in China.
Those workers in the automobile industry in Germany may be in their forties or fifties and have quite a lot of experience, but they are all out of date. They still have the same old ideas and it is difficult for them to adapt to the new modern car-making equipment.
The country is full of young people. Although they have no experience, they learn quickly and are adaptable. Once they get started, they will become a group of excellent modern industrial workers.
As for industrial engineers, let alone that.
The most indispensable thing in the country is engineers.
As long as the wind blows, countless young people will apply for the automotive major.
Musk added: "There are also upstream and downstream supporting industries. Germany's automobile industry is very complete, which can greatly reduce the logistics costs in the car manufacturing process. If a factory is set up in China, most of the supply parts will have to come from Transportation from other countries not only affects efficiency but also increases costs.”
Zhou Buqi said: "So, the technology must be open source."
"ah?"
"With open source here, many people will understand what Tesla is about, and the subsequent supply chain industry will develop rapidly. I think you still lack understanding of our country, and you should go and see more. As long as Tesla is profitable, supporting suppliers can immediately follow suit, as long as they are not producing products with high technical requirements such as chips and electric motors, other supply components can soon follow. "
"There are also policy restrictions."
"What policy?"
Zhou Buqi shook his head secretly. He knew that Musk was a Twitter expert and could widely accept the opinions and criticisms of netizens. But at the same time, he is also easily misled by some unidentified remarks on social media, and many domestic situations remain in the imagination stage.
However, Musk was right this time, and said thoughtfully: "I have learned that all car companies that go to build factories in China must abide by regulations and use joint ventures to set up factories. Moreover, foreign car companies can only hold at most 49% of the shares must be given up. I will not allow this to happen. Tesla’s Gigafactory can only belong to Tesla, not to mention even 1%.”
Zhou Buqi nodded, "Well, this is indeed a problem. But it doesn't matter. I'll think of a solution. There are always exceptions to everything."
