Black Technology Editor

Chapter 77 Tesla is in a hurry
Just when Chensheng Technology was about to launch the Arclight 1.0 system, an unexpected friend came to the door.

Chensheng Technology Industrial Park.

Headquarters reception room.

Accompanied by Qin Ruolan, Lu Chen received a mysterious visitor.

"Mr. Lu, counting it, this is the first time we have met formally after working together for so long."

The middle-aged man in front of him had short short hair and was wearing a gray suit with a kind smile on his face, "Nice to meet you."

With that said, Elon Musk stretched out his right hand.

"Me too."

Lu Chen smiled and shook hands with the other party.

The atmosphere seemed very harmonious. Elon Musk looked like he was visiting a friend, and there was no anxiety at all that Tesla's battery management system was about to be cut off.

Since the other party is not in a hurry, Lu Chen, as the supplier of the battery management system, must be in no hurry.

As far as he knows, Tesla's production capacity has been unable to keep up with sales for three consecutive months, and orders have been backlogged for almost half a year.

The two of them are done.

Elon Musk smiled and said: "Although we met for the first time, when I saw Mr. Lu, it was as if I saw myself when I was young. No, to be precise, Mr. Lu is much better than when I was young, whether it is It’s the circumstances you’re in, or what you’ve achieved.”

"Thank you for the compliment."

Lu Chen knew that the other party was not a native American, but an American who was born in South Africa and immigrated later.

"Mr. Lu, are you interested in the starry sky?"

There is no beginning and no end, Elon Musk suddenly said this.

"Uh"

Lu Chen was stunned by the other party's question, but he reacted immediately, "To be honest, I am very interested, but I also know that if you want to explore the starry sky, you must first tamp the ground under your feet. What do you think, Mr. Musk. "

Elon Musk smiled: "You are right, if we want to explore the starry sky, we must have enough power."

Seeing that the other party was finally willing to get down to business, Lu Chen couldn't help but sit up straight.

"First of all, I have to apologize to you for the sanctions in North America. I have always hated politics affecting business."

Speaking of this, Elon Musk frowned slightly, as if he really hated the behavior of the capitalists on Wall Street and North American politicians, as he said.

They are all a group of people who will do everything for their own benefit.

"Mr. Musk, I thought you would blame us for not supplying you with battery management systems in time."

"It would be a lie to say that I have no opinion at all."

Elon Musk smiled, "As far as I know, after your company was restricted by chips, your supply to other new energy vehicle manufacturers has not been reduced, but our order has been postponed."

Seeing the other party say it so bluntly, Lu Chen was a little embarrassed.

He knew in his heart that this sanction should not have much to do with Tesla.

Because of the sanctions on Chensheng Technology, the first to feel uncomfortable is the downstream new energy vehicle manufacturers.

Chensheng Technology only cuts the supply of Tesla's battery management system, rather than completely cut off the supply. The other party has suffered a lot in the past few months. Just imagine what it would be like if the supply was completely cut off.

Tesla can't build a car?Or fall back to using an outdated battery management system?

No matter what the result is, consumers who have become accustomed to better products are unlikely to pay for backward products.

Consumers talk about feelings, but the basis for talking about feelings is that your products should not be too bad.

Among the many new energy vehicle brands, only the lowest-end models with a price of tens of thousands are the only ones that do not use the battery management system of Chensheng Technology.

Tesla can always claim to be the number one brand of new energy vehicles.

They absolutely cannot accept this kind of result.

In fact, this can be reflected in Tesla's stock price in recent months.

Since NPX cut off the supply of chips to Chensheng Technology, Tesla did not have sufficient battery management system supply, and the stock price has fallen by nearly 30.00% in a row.

This time Elon Musk came to Lu Chen, partly because he took the initiative, and partly because the capital behind him couldn't sit still.

Especially after the series of events that Loongson Semiconductor produced a new type of 15N large silicon wafer and NPX was acquired by Chensheng Technology.

Wall Street's capital almost slapped their thighs swollen.

They originally just wanted to force Chensheng Technology to submit, and wanted to join this new technology company with unlimited potential.

But I didn't expect that stealing chickens would not be enough to lose money. Not only did Tesla die, but it also lost the dominance of NPX.

That's right, now the upstream and downstream of NPX are controlled by Chensheng Technology, coupled with the identity of the core shareholder of the other party.

In the eyes of Wall Street, NPX has become a puppet of Chensheng Technology.

Although their shares have reached 34.7% in total, they have lost control. Compared with them, other shareholders are now obviously more willing to listen to Chensheng Technology.

At least if they want to restrict Chensheng Technology through NPX, it will no longer work.

"Mr. Musk, I admit that postponing your company's order does mean to retaliate against the Wall Street capital behind you, but in the final analysis, this matter was not initiated by us. I hope you can understand this."

Lu Chen said seriously.

"Of course I understand."

Elon Musk nodded, "Actually, in my visit this time, apart from bridging the gap between us, I also have a personal question."

Lu Chen asked curiously, "What question?"

"Mr. Lu, don't you want Chensheng Technology to be listed in North America? Or, don't you want Chensheng Technology to be listed?"

Before Lu Chen returned, Elon Musk continued, "Do you want to hear Wall Street's current valuation of Chensheng Technology?"

Hearing this, Lu Chen suppressed the words that just came to his lips, and said with a smile: "I would like to hear the details."

"According to their estimates, the current market value of Chensheng Technology is at least 1000 billion U.S. dollars."

1000 billion US dollars.

To be honest, not a lot.

But it seems that there are not many.

Whether it is the battery management system market monopolized by Chensheng Technology or the large silicon wafer market, it is a market worth more than tens of billions of dollars every year.

In other words, the turnover of Chensheng Technology can exceed 300 billion US dollars this year.

Internationally, the PE (price-earnings ratio) of technology companies can generally reach around 100.

For technology companies that the market is particularly optimistic about, the price-earnings ratio is exaggerated.

For example, at its peak, Tesla’s P/E ratio reached an exaggerated 1000 or so, and some technology companies that the market believes have reached the limit have a P/E ratio of less than 100.

For example, Penguin has a price-to-earnings ratio of less than 50.

Chensheng Technology belongs to the category of technology companies that the market is particularly optimistic about.

According to the profit of Chensheng Technology this year, not counting the money obtained by Qin Ruolan from shorting the stock market, it is about 100 billion US dollars.

Even if calculated based on the average price-earnings ratio, the market value of Chensheng Technology is one trillion US dollars.

Of course, the outside world doesn't know that Chensheng Technology's profit is so high, otherwise it is estimated that everyone will go crazy.

They think that Chensheng Technology can achieve such a great achievement, it must have invested all the funds in research and development, which is also the thinking of normal people.

But Lu Chen has cheats!
Where is it reasonable?

The research and development expenses of Chensheng Technology are estimated to be the bottom of all technology companies.

Anyway, its current business is not developed by the R&D department.

(End of this chapter)