-Cars and games… … Hee hee, unexpectedly. When the investment money comes in, I thought I would focus on the platform business like pay service.
As long as the platform business could be established first, it could become the goose that lays golden eggs.
Perhaps Chairman Jeong-eui Shin predicted the next move of WHTS Company in that direction.
‘Is that why I suggested an excessive investment of 10 billion dollars?’
If you can eat up the pay service pie in Korea and Japan, and furthermore, in Southeast Asia and South America, you can invest 10 billion dollars in the business.
But will the process be that smooth?
I don’t think so. Not only pay services, but also delivery apps, internet shopping malls, etc. The platform service was just a money-eating hippo with no promise of when to make a profit.
“In platform services, if a latecomer aggressively releases money, we have no choice but to respond by releasing money together, no matter how much we have grown.”
-So, wouldn’t that be investing 10 billion dollars?
“Pay service is a field where even distribution companies salivate. When they start playing chicken, the $10 billion will run out in no time.”
-Hmm, if that’s what you think, there’s nothing you can do about it.
Perhaps because I spoke in a firm voice, Chairman Jeong-eui Shin didn’t urge me anymore and seemed to be stepping back.
-But isn’t the automobile too far removed from cryptocurrency? Games are closely related to IT, so even so.
“I’m not looking to invest in a typical car company. I intend to work with the company that is closest to the changing future.”
-From what you said, it must be an electric car. So what about Tesla?
Tesla is an American automobile company. Unlike other automakers, it produced 100% electric vehicles and was also in the battery business.
-Tesler is a company that did not produce the results it deserved. Do you know how many negative reports have already come out on Wall Street?
“I know. They said they couldn’t meet their target shipments in the second quarter.”
– You’re still going to invest?
“That’s right.”
– Well, I really don’t know what you’re thinking.
I fully understand him. This is because Tesla at this time was being evaluated as a bottomless poison.
But to me, who knew what would become of Tesla a few years later, it looked like a pot of water from which money was gushing out, rather than a bottomless pit.
-Don’t go anywhere and say you’re going to invest in Tesla. Rather, it is obvious that it will only instill negative perceptions.
“Then, how about if the president directly invests? It’s not the Vision Fund, but the Softpow that invests in it.”
-You want me to give money to a company that invests in Tesla? Everyone will call me crazy.
“You will think that you are fine than when you said you were putting money into Internet money.”
-Right. that’s right. I really heard all kinds of rumors back then. There was a reporter who wrote the news that I had dementia.
“Are you still saying that?”
– No, I can’t even open my mouth anymore. Ha ha ha ha ha.
A long chuckle is heard over the phone.
– Seeing that CEO Shin is actively investing, do you think there is a trick to increase production?
“There will be no answer to production volume until mass production of batteries takes place. I plan to keep an eye on it for the long term.”
Tesla has only one thing left to do to ride the eco-friendly wind that will come in the future. But it took several years for that time to come.
I wasn’t going to let go until then, but I was thinking of making a profit in another way.
* * *
From noble mtl dot com
2016 was the worst year for Tesla and CEO Elon.
The ambitious battery factory construction was delayed, the delivery of electric vehicles was delayed, and the driver died while driving the electric car autonomously, causing a huge blow to the company’s image.
As a result of a series of bad news, reports on selling Tesla poured in on Wall Street.
As this made it difficult to raise investment funds, recently, Elon was running around looking for investors on his own.
[Softpou once again invested in virtual currency. Chairman Shin Jeong-eui announced that he had additionally purchased 60 million acorn coins, each at a price of 83 dollars, a total of 5 billion dollars, and said that the condition is that no interest will be paid for the next 3 years. As a result, the cryptocurrency market continues to rise in anticipation once again… … .]
Elon, a man watching TV in the office, laughs as if he is dumbfounded.
“what? 5 billion dollars? You’re paying that much money for worthless scraps of data? I don’t understand. I really don’t understand.”
He jumps up from the couch, walks around muttering.
“It’s not us who make big factories and fancy cars. why… … sh*t. The world is unfair. Does this make sense?”
When Elon’s grumbling reached its climax, a voice came from the seat next to him.
“Hey, Elon. Stop whining like a child. Have you forgotten that the combined investments we have received so far are more than $5 billion?”
It was Kenneth, CFO of Tesla. He was an old friend of Elon before he was a co-worker, so he gave him direct advice without hesitation.
“You whining? Do you hear that even after watching the news? They don’t contribute anything to the world. I just made a bunch of crap from turning a computer into a calculator. It’s a waste of energy!”
“I must have misunderstood something, but the acorn coin that just came out in the news is not computational mining, but a method of rewarding social users.”
“That’s it.”
“If they are the same, isn’t your tweeting a waste of energy?”
It was a criticism of Elon, who usually spends a lot of time on tweets.
Elon glared at him for a while and said.
“Kenneth. Did you buy any cryptocurrency?”
“No way.”
“Otherwise, why are you on the side of that data junk?”
“As you said, even if virtual currency is garbage, if it is beneficial to us, we need to wrap it well.”
“Is it beneficial? Where do you see that?”
Kenneth flutters the note in his hand. There was a contact and hotel name that had been underlined twice.
“That data junk wants to invest in us.”
Elon, who had been stretched out on the sofa, bounced like a spring and stood up.
“Really? how much did you invest? When? What’s your schedule like? Please proceed as quickly as possible. Money is urgent.”
“calm down. Even if you don’t fret, the data junk won’t go anywhere.”
“Uh huh, data garbage? From now on, let’s call it the currency of the future. no. Are you going to get cyber gold?”
“It’s not something I like. It seems that they have their own goals.”
Elon’s expression, which was smiling brightly, stopped.
“Are you targeting?”
“Not long ago, I heard that they took all of our stake in Fideli Capital.”
Fideli Capital was the second-largest shareholder, holding 8.6 million shares of Tesla stock.
What if you increase your investment even though you have already wiped out 8.6 million shares? This meant that he was aiming for Tesla’s management rights.
“How dare these data crap… … .”
It took 3 seconds for cyber gold to turn into digital trash.
“Should I decline the offer?”
“… … .”
Elon couldn’t open his mouth easily. Tesla recently ran out of money after taking over a solar power company.
“Fideli’s share was 9.6%, right?”
“that’s right. We are exactly 22.78%. About 13% difference.”
“Is it possible that the market bought additional shares?”
“If you look at the recent stock price trend, you may not have been able to buy a lot. Even if you set it to the maximum, 3% or 4%?”
I still had room. Elon quickly makes an estimate and comes up with a plan.
“Let’s just get a billion dollars invested.”
“Isn’t that too little? That much is all you need to pee on your frozen feet. By my calculations, $2.8 billion is enough… … .”
“Kenneth. It’s a billion dollars. Never more than that.”
To Elon, Tesla was his life and everything he had ever lived.
I thought it would be better to go bankrupt than to lose the management rights of such a company.
* * *
At Tesla’s headquarters in Silicon Valley, dozens of electric cars are parked in rows right from the entrance. Next to it, you can see the charging station they are proud of.
“Ohh. this is the charger It was a structure to charge it by putting it in this way.”
The charging station is like a gas pump that recharges electric vehicles.
Tesla created a pretty plausible look by putting a nice design and color on the simple gas dispenser.
“It’s still time for electric cars to appeal with emotion rather than actual performance or economic feasibility, so this must have worked well.”
Originally, Tesla wanted to hold the meeting at a nearby hotel, but I insisted on changing the location to the company.
The reason was to see the real electric car.
To confess at this point, I have never seen an electric car in real life.
However, to think of investing in an electric car company without hesitation, how absurd it would be if someone else knew this.
“Do you like tea?”
A voice is heard from the back of the car. When I turned my gaze there, a man with a very familiar face was staring at me.
It was Elon, the CEO of Tesla.
“Nice to meet you. This is Daniel Shin from WHTS Company.”
“I have heard a lot.”
I just say hello and look at the car again. Then Elon asks.
“I think you like our car.”
“I think you decided to invest in Tesla because you like it.”
“okay. Would you like to take a ride?”
Elon points a finger at a car on display inside the parking lot. It was a new car to anyone who could see the glossy shine.
For safety reasons, Elon was in the driver’s seat and I was in the passenger’s seat.
pirik.
As soon as he started the car, he started introducing his car.
“It’s really quiet and smooth, isn’t it? This car is the newly released Tesla 3 this time. We launched it targeting consumers who are burdened with the existing high-end Tesla S.”
Stories such as car specifications, design elements, consumer reactions, and improvements come out of his mouth.
The curious thing was that he was aware of detailed information that he would not have known unless he directly watched the assembly process in the factory.
“You seem to go to the factory often.”
“I don’t go out often, but I live there at all. Otherwise, when a problem arises, the response will be delayed.”
After that, the reason for the delay in mass production of cars, the things to be improved in the future, and the story of Tesla’s vision continued.
“The goal is to increase annual production to 1 million units by 2020. At that time, electric cars will rise to the daily position, and more demand is expected… … .”
Of course, I knew more about Tesla’s future than the CEO, so I reflexively nodded.
The electric car turns around and returns to the company parking lot.
After stopping the car completely, Elon started talking in earnest.
“Cryptocurrency is very hot these days. You don’t know how happy I was to hear that such a company made a large investment.”
“I am also happy to be able to invest in companies with a promising future.”
“All is well, but why did you buy a stake in Fideli instead of directly investing in us?”
I knew what he was thinking when he said this, so I quickly added.
“I wanted to bring in as much stake as possible. It was an unavoidable choice.”
“That means… … management rights?”
“Let me be clear here. The WHTS Company has no interest in Tesla’s management rights.”
“Is that true?”
“Nevertheless. If you wish, I will write a memorandum of waiver of voting rights.”
Only then does the uncomfortable tension in the car disappear like snow melting.
I thought this was the right time to get to the point.
“There is only one thing I want, the introduction of cryptocurrency by Tesla.”
“hahahaha. That’s no problem. The more variety of payment methods, the better.”
“It’s not just about paying. I heard that Tesla takes a deposit before leaving the car.”
As Tesla’s electric vehicles take a long time to ship, the number of people waiting for reservations was huge.
In particular, the Tesla 3, a popular model, was so popular that 400,000 people made reservations within 10 days of starting reservations.
“Get a 20% advance on the vehicle price from future Tesla car reservations.”
He shakes his hand in surprise.
“It’s not possible. If we received such an exorbitant advance payment, all the reservations would be pulled out.”
“It’s not just about getting paid. All you have to do is return the virtual currency equal to the deposit you made to Tesla as a deposit to the person making the reservation.”
“hmm? If so… … ah!”
Tesla can use advance payments from bookers directly to finance the company. Because I already paid the deposit in virtual currency.
Conversely, the booker may hold the virtual currency received as a deposit, or there is an option to sell it to an exchange.
In the process, Acorn Coin serves as a kind of buffer zone between Tesla and the booker.
“Tesler gets usable cash, and WHTS Company gets Tesla’s loyal users. Isn’t this a win-win for both parties?”