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Tesla Deal Boosts Chinese Presence in US Auto Tech (reuters.com)
From a Reuters report:China's Tencent has bought a 5 percent stake in U.S. electric car maker Tesla for $1.78 billion, the latest investment by a Chinese internet company in the potentially lucrative market for self-driving vehicles and related services. Tencent's investment, revealed in a U.S. regulatory filing, provides Tesla with an additional cash cushion as it prepares to launch its mass-market Model 3. Tesla's shares were up 2.9 percent at $277.03 in midday trading on Tuesday, enabling it to rival Ford as the second-most-valuable U.S. auto company behind General Motors. The deal expands Tencent's presence in an emerging investment sector that includes self-driving electric cars, which could enable such new modes of transportation as automated ride-sharing and delivery services, as well as ancillary services ranging from infotainment to e-commerce.
Once they release that model 3 for under 30,000 and can out pace the rest of the cars on the road - everyone else will be done... why would anyone over spend on a car when they can go all electric, faster and cheaper. Buy now baby! :)
I expect ... technology transfer to China faster than you can swear.
ELOI, ELOI, LAMA SABACHTHANI!?
China's Tencent has bought a 5 percent stake in U.S. electric car maker Tesla for $1.78 billion, with US rapper FiftyCent taking a TenCent stake
"We will hang the capitalists with the rope that they sell us."
China has already seen through Mr. Trump. Trump is just a paper tiger, a small hand guy in an empty ill fitted suit.
My hope is in Mr. Musk taking measures to protect his company and us from China.
Just like you or I could (except in much higher volume). Unless a special arrangement is made, they don't get anything other than minority voting rights, a share in stock price appreciation and (at least eventually?) dividends.
Outlook isn't so good for tesla if bolt is selling around 1000 per month.
Dunno about the Bolt, but the first year's worth of Model 3's are already sold out. So Tesla's got that going for them.
I don't care if it's 90,000 hectares. That lake was not my doing.
Tesla delivered 22,200 cars last quarter.
Take into account that those are much more expensive, and Tesla is production-constrained, and the Model 3 Had around 400K reservations last we heard (this might have decreased, but it'll still take years to fulfill the orders even if it's half that).
I don't really know the Bolt situation in depth, maybe they're not making an effort to produce and sell them because they're just meant to fill a regulatory quota, maybe the car itself is not that appealing, or maybe the dealership sales model is indeed biased against electric cars, but I wouldn't extrapolate from it to electric cars in general.
I don't really understand why in such a scenario the rest of the carmakers wouldnt just ramp up their electric efforts.
because tesla does nothing particularly cheaply or effectively.
also.. tencent got swindled. 1.78 billion for a 5 percent stake in an operation that is not turning steady profit is a PRETTY SHITTY DEAL, just ask microsoft. the salesman musk needed that money to keep the train rolling.
but thats besides the point that daimler could copy whatever model tesla has as succesful profitable model in a year. theres electric bmw models ready to scale up in production that are cheaper than teslas.
previous tesla models have been competing mainly with upper market bmw's - and even with those teslas have been able to compete due to tax breaks. the previous teslas have all been stupidly expensive - and yet tesla has failed to turn that expensive price into profit TRANSLATING into selling EXPENSIVE PARTS AT BARELY THE COST for several years.
that is, I am very skeptical of Tesla managing to sell _anything_ for under 30 000 dollars at a profit and you have to remember that such a car would still be competing with bmw's on price once you add the tax that most of the world has on cars.
right now it's still basically "do I buy a tesla, an upper range bmw or a lower range ferrari" - and the two latter ones let you tour through europe without stopping.
world was created 5 seconds before this post as it is.