After Zhang Yida's inquiry, he learned that Kumar's father also had few assets in his hometown in India, which was similar to Zhang Yida's family before, with a net worth of several million US dollars.
But Kumar has many brothers and sisters in his family, so I don’t know if Kumar can get the money from his father.
However, this has nothing to do with Zhang Yida.
The opportunity has been presented to Kumar. If he can't even handle this little thing, then it's time to consider whether he is really suitable to be the spokesperson in India.
During this period in the United States, in addition to recruiting and interviewing relevant talents, Zhang Yida was also collecting news and various information about Tesla.
“Close all Tesla’s short orders!”
Zhang Yida had a phone call with Ding Siyao, who is responsible for managing the hedge fund.
Yanhuang Investment's hedge funds manage more than $6 billion in funds, which is only part of Zhang Yida's pledge of 20% of Ruixiang's equity to obtain credit lines from domestic and foreign banks.
Another part is RMB, which is intended to be used to resolve P2P claims. Currently, there are still four major banks, but they are just credit extensions and have not been officially used.
The foreign currency quota of 10 billion US dollars has been almost used. 2 billion was used to acquire Bayer Animal Insurance, and another 5 billion was used to invest in securities.
In the past six months, I have been short on companies such as Tesla and Rice, and long on companies such as Magnesium Group, Penguin, Ari, and Coca-Cola.
At present, hedge funds have a floating profit of more than one billion US dollars on their books. After paying off the loan interest, there is still a fund size of more than 6 billion US dollars.
Assets will depreciate if they are not moved. Many big bosses like to pledge stocks to make some investments. This is better than selling shares directly. It will not affect investment profits and will not miss out on the growth dividends of their own companies.
But there are also many risks that need to be paid attention to. If the rate of return generated by investing the loaned money does not exceed the borrowing interest rate, then you will be in trouble.
It is also necessary to pay attention to the connection between the investment cycle and the repayment cycle to avoid breaks in the capital chain.
These matters are all taken care of by professional financial investment talents hired by Yanhuang Investment. They invest in many low-risk products and reasonably allocate long, medium and short periods. It is almost impossible for the capital chain to break.
Unless there are major market fluctuations such as the financial crisis, which may cause some pressure, other small storms will not cause much fluctuation.
"Ah? Is it okay now?"
Ding Siyao said on the phone, with some hesitation in her tone, "Mr. Zhang, did you see the news a few days ago? A Tesla spontaneously ignited in the Xuhui District of the magical city. The flames also burned the surrounding cars. The whole process was
The surveillance camera captured it.
The technology is so immature, and Tesla officials have not given a reasonable explanation. Many car owners in China are afraid and clamoring to return the goods.
Those who haven’t bought a car probably won’t dare to buy a Tesla.
The important person was in the car, and it caught fire halfway down the road. I can’t imagine the consequences..."
"Well, you have a point."
Zhang Yida started talking about the stock price trend again, "Have you seen Tesla's stock price in recent days? It has been hovering around $235, which is basically the lowest point in the past two years.
Since the beginning of this year, the stock price has fallen by nearly 30%, and there is no hope."
Ding Siyao knew that Zhang Yida always had a very accurate vision when it came to companies and investments. He said that if there was no money left, he would definitely not be able to squeeze out more than two ounces of oil.
"Okay, I'll make arrangements to close the position right now."
Zhang Yida said "hmm" and then said: "I plan to invest in Tesla."
"invest?"
Ding Siyao was puzzled and expressed her doubts: "Isn't it a good time to invest now?"
"The stock price is now at its lowest in the past two years. If you buy shares now, the price is not much different from when Penguin bought shares more than two years ago."
In March 2017, Penguin bought approximately 8.1675 million shares of Tesla for US$1.78 billion, accounting for 5% of the total share capital.
At that time, Tesla's stock price was US$250. Because it was a large transaction, Penguin gave Penguin a 14% discount, which was approximately US$210 per share.
Zhang Yida has always wanted to invest in Tesla. Although its technology is still immature, there is no doubt that it is the leader in the new energy vehicle track.
As technology matures and output increases, Tesla's various problems will continue to improve, costs will slowly come down, and the day will come when it will make substantial profits.
In addition, Ruixiang does not do self-driving itself, mainly because it does not have much business demand in this area, and at the same time, it is too late.
But Zhang Yida is very optimistic about autonomous driving, and giant companies will definitely outperform this track.
When investing in Tesla this time, Zhang Yida plans to use his personal assets to invest instead of Ruixianglai.
There are multiple considerations for this. First of all, this investment has certain risks, and secondly, it has little business relevance.
…
On an empty highway in California.
Two Tesla Model 3s were chasing each other one after another, and there was a drone in the sky tracking and filming.
The Tesla in front slowed down and rolled down its windows, revealing a familiar face - Elon Musk.
"How's it going man? This car is cool!"
While driving, Zhang Yida turned to talk to Musk and said, "What I am most satisfied with is that the speed is very fast, but the workmanship details are still a bit too rough."
Musk said with a smile, “We have been controlling costs over the years and constantly launching cheaper cars, but we can only make some sacrifices.
But that’s not important, is it?”
Zhang Yida nodded heavily, then stepped on the accelerator and ran ahead of Musk.
Musk smiled, increased his power, and followed.
Under the setting sun, two white Teslas drove forward on the desert road.
Just as night was about to fall, the two rushed to the next charging station.
After the accompanying motorcade arrived, they moved out the barbecue grill and ingredients and started the outdoor barbecue.
While drinking beer and eating barbecue, Musk looked through the videos taken today.
"YiDa, look, this is the video of our racing today. It has been viewed tens of millions on YouTube and Musical.ly."
Zhang Yida visited Tesla, and Musk, on a whim, asked the two to drive for a while and put on this show.
Zhang Yida took the phone and took a look. The comments from European and American netizens were more direct than those from domestic netizens. They were all comments like "I want to race too" and "Can you give me a Tesla?"
After the two had had enough wine and food, they leaned on two lounge chairs and talked about investing in Tesla while watching the stars.
"I very much welcome and express my gratitude to you for investing in Tesla at this time."
Musk smiled and said, "At the same time, I also think you have made a very correct investment decision. Many people outside have always been skeptical of Tesla..."
Zhang Yida nodded and smiled, and asked: "Do you know Pinduoduo? It's a very magical website."