Start with hooves

Chapter 342 Early October

A few more days passed.

Suri took a plane to Silicon Valley to discuss the details of the acquisition with Elon Musk.

The two sides have been in contact with each other for a week and the progress is going very smoothly.

After the meeting, the key issues were sorted out and an agreement was quickly drawn up to acquire Tesla as a whole at a valuation of US$3 million.

In addition, they also promised not to lay off employees for three years. Within three years, the annual salary increase will be at least 6%, and the year-end bonus will not be less than one quarter's salary, etc.

Interestingly.

This group of employees and executives did not ask for equity awards. Instead, they all wanted to receive cash compensation.

And Elon Musk has no idea of ​​retaining part of the equity. This guy currently only has 4000 million US dollars in cash, so he readily agreed to cash out and leave without any regrets.

This shows how miserable Tesla Motors is now.

These circumstances are enough to show that even the company's employees have no confidence in its development prospects.

Switching to Netflix Entertainment, everyone from top to bottom is like a wolf, only focusing on the equity incentive plan, eager to own equity and make a lot of money after going public.

Think about it.

Tesla's electric sports car has only sold a few hundred units in total so far. The production cost is higher than the selling price, and each unit is sold at a loss.

Even environmental enthusiasts don’t want to be taken advantage of and spend $[-] on a pure electric car.

With no prospects in sight except for the out-of-reach pie, and having been on the verge of bankruptcy for a long time, it’s no wonder that employees have no interest in equity that may end up being worthless.

They feel that instead of being tied to the company, it is better to get one more quarter's salary. If there are no layoffs for three consecutive years, it is equivalent to nine months' salary.

Calculated based on an average income of US$9, this is equivalent to earning tens of thousands of dollars for nothing during this period, and without taking any risks. Isn't this much more fragrant than illusory equity rewards?
Afterwards, Suri finished discussing it with secretary Amanda.

I think the reason for this situation is related to the fact that Tesla employees are mainly engineers and have more pragmatic ideas.

Some executives really wanted to receive option rewards, but during internal voting, they failed to convince the vast majority of people.

In addition, everyone knew that there was another management team in Suri's Fisker Automobile Company, and they were worried about being kicked out and not getting any benefits, so they just went along with the flow and pinched their noses to admit it.

With the signing of the agreement, new problems also arise.

The R&D projects of Fisker and Tesla overlap in many aspects, and Fisker's progress in pure electric R&D projects is significantly behind Tesla.

This caused Suri to have a headache. After much deliberation, he could only choose to abandon the Fisker project or continue research and development in the field of hybrid vehicles.

If we develop hybrid cars, even if we don't build the cars ourselves in the future, it would be good to make standard parts and sell them to other companies.

The disadvantage is that the scale of R&D funds has increased significantly.

For Suri, who holds a large number of shares in companies such as Facebook, Apple, Dongjing Mall, and Netflix Entertainment, this is only a small problem at best.

After all, no matter how much he invests in R&D, can he make money as fast as he does?
Moreover, after achieving some results in the future, we can also raise funds externally to avoid the situation of being unable to make money by ourselves.

As said earlier.

Tesla's value is not as valuable as the NBA's Warriors, and few people pay attention to it in Silicon Valley.

Even if the news of the acquisition spreads, it will not be as popular as the New York concert, and it will be difficult to create any waves.

It can then be seen how fast the industry will develop when electric vehicles become popular.

Things like super factories, batteries, and sales and maintenance channels must be prepared in advance. In the next few years, US$[-] billion should be invested in them every year to reduce the cost of car manufacturing as soon as possible.Since Su Rui’s father also financed BYAT, it is not impossible to consider joint ventures between the two parties in the future to enter the mainland market in advance...

----------

October 10th.

The North American box office of "Death" has reached 2 million U.S. dollars. After the global box office exceeded 6000 million U.S. dollars, it still maintained a good box office performance.

Suri rarely came to Netflix Entertainment Headquarters to attend a board meeting in person.

All the directors, including CEO Terenz, thought that today was a bit special and something big might happen. Otherwise, how could Suri show up for the meeting?
The board just started.

There was silence in the conference room, everyone looked at Suri first.

Seeing that no one spoke, Su Rui was stunned for a moment, then realized something and reminded:
"Don't mind me. I'm just passing through and will go back to Silicon Valley for another business. I have nothing to say except that I need to get more budget next year. The company has performed very well this year."

The directors present breathed a long sigh of relief after hearing this.

CEO Terenz coughed dryly and told:
"Of course, Netflix Films and Television is the most critical department. Only when self-produced dramas maintain the current high quality can the company develop better."

Everyone could tell that he was flattering Su Rui. He was thinking that he deserved to be the CEO, and his reaction speed was very fast.

As a relatively special Internet company, everyone can see that the self-produced drama business is the key to driving the company's growth in both users and performance.

There is nothing to say about using the membership fees that users top up to film dramas.

Suri nodded, took out his cell phone, and sent a message to Hoshino Yuko.

A blink of an eye.

This year’s Victoria’s Secret show is about to begin again.

Hoshino Yuko complained that the design department was crazy and the new products they came up with were extremely ugly.

Moreover, when Wolf Palace Lima returns home to give birth, supermodel KK will not attend, leaving only supermodel AA and others whom Suri has met to support the stage.

Hoshino Yuko's reputation in the modeling circle is still a little bit low for the time being.

However, due to the lack of veterans this year, if any newcomer is lucky enough, he may be able to get "angel wings" and be promoted to become a Victoria's Secret Angel.

But this time, she didn't seem to want the "angel wings", so Suri couldn't help but guess how ugly these newly designed underwear were.

The Victoria's Secret show, which has been popular for so many years, has finally begun to decline.

If Hoshino Yuko hadn't signed a contract with it, and his ex-girlfriend Kerr often showed up, Suri would probably not pay much attention to it.

At Netflix Entertainment, it was just an ordinary routine meeting.

Let’s talk about upgrading the server again, vote by show of hands, discuss how to cooperate with Columbia Pictures, and vote by show of hands again afterwards.

Sony knew that the development of streaming media platforms was too competitive, so it instead cooperated in the form of authorized film libraries, selected a number of high-quality resources, allowed non-exclusive distribution, and provided them to multiple platforms.

At that time, you need to give a base price first, and the remaining number of plays will be calculated. Although the cost is a bit high, it can attract a large number of paying members, and the price/performance ratio is still very high.

Suri had no objection and continued busy sending messages to Hoshino Yuko.

The girl took another photo of her beautiful legs in fishnet stockings wearing a windbreaker and gave it to him, teasing Suri to go to New York to play with her.

After several days of rest and recuperation, and busy exercising every day, Suri felt like she was doing well again, and was quite excited about it...

(End of this chapter)