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For me who is so coquettish for the leader, I will add more rewards, thank you for the leader's reward of 10,000 coins again.

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A review article once published said: If Wen Ming leaves Apple empty-handed, as long as he registers a company, even if the office address is rented, even if there is no product idea, the company's valuation can reach 10 billion US dollars.

This statement is of course an exaggerated description, the purpose is to show Wen Ming's genius and the importance of Wen Ming to Apple.

But people at Sequoia Capital did not expect that Tesla’s current CEO Zev did not expect that it took only two weeks for Wen Ming to acquire Tesla, and Tesla’s valuation changed from 500 million US dollars to 20 billion US dollars. dollars.

Looking at it now, the published review article really looked down on Wen Ming too much.

You said, if Sequoia Capital's valuation of Tesla really meets your expectations, will the Wall Street Journal delete their previous review article?

Cage, who was staying at Tesla, asked very excitedly. He had not been able to meet a legend like Moritz because he had to deal with some of Tesla's technology patent applications.

But he didn't feel that he was at a disadvantage, because in his opinion, no one in the whole world could be more legendary than Wen Ming.

Wen Ming said with a smile: It's not a review article on the Internet. Their newspapers have been sold. Is it possible to take back the newspapers from the buyers, then destroy them centrally and republish them?

Cage was just joking, and then asked seriously: Do you really want to accept the capital injection from Sequoia Capital? With Tesla's existing technology and your funds, there is no need for anyone's financial support. This Wouldn't it be a big loss if someone bought shares at the right time?

Wen Ming also said sternly: The problem can't be looked at this way. Sequoia Capital has a factory that is very important to us. It can increase the production of Tesla cars. Moreover, that factory has also been approved for expansion.

Everything is lost, there must be gains. If Sequoia Capital takes a stake, in addition to making more profits, Tesla can also achieve a higher market value. Don't forget, without the help of this kind of capital, think It is even more difficult to achieve a high market value immediately after listing than to climb Mount Everest.”

Cage nodded as if realizing something, and said: That's right, we have already asked where the factory is for sale before, but it is not as suitable for us as the factory that Sequoia Factory said in terms of price or scale. After all, a factory that can produce cars is not a store that opens a supermarket, and someone can change hands at any time.

At this time, only 6 hours had passed since Moritz's departure. After Wen Ming and Cage chatted about applying for technical patents, they got the news that Moritz came to visit again.

So fast?

Wen Ming was a little astonished, but he still took Cage and Zeff to meet Moritz.

And when Moritz came this time, he didn't bring three or two people, but a team.

Compared to Wen Ming's astonishment, Moritz had made up his mind to invest in Tesla at this time. After entering 2010, the investment market environment was actually not very good. Those genius product ideas, whether in Internet companies or in real industries, are becoming more and more rare.

Some of the product ideas that have been reinvented have regained the market only because of the improvement of the overall hardware development level. What's more, is it a company like Tesla that has innovative technology in an industry?

After the two parties exchanged pleasantries, Moritz brought several people into Tesla's conference room, including the person in charge of Fund No. 8 and the chief analyst of Sequoia.

On Wen Ming's side, there are only him, Cage, his assistant Lilith, and Tesla's current CEO Zev.

We reassessed our valuation of Tesla, and we think Tesla's valuation can reach $15 billion.

Sequoia's chief analyst tried to raise the valuation by 500% compared to the previous quotation,

Let Wen Ming have little room to refuse.

We hope to obtain 20% of Tesla's shares with that factory equivalent to 1 billion U.S. dollars and 2 billion U.S. dollars in cash. At the same time, we do not participate in any management affairs of Tesla. Similarly, we can give up Tesla When listing, give priority to the right to cash out.

Other conditions are the same as what Moritz said before, the difference is that Sequoia Capital's demand for shares has been reduced to 20%, but the funds paid have been increased to 3 billion US dollars.

The expressions of Cage and Zev next to him changed instantly, they were excited by Sequoia Capital's offer.

Wen Ming sighed in his heart. He still lacks some cunning and cunning people around him. Doesn't showing excitement at this time mean that he is satisfied with Sequoia Capital's offer?

If you can accept the $23 billion valuation, we can sign the contract now.

He is not shaken by the sudden increase in valuation, and it is a 500% increase, because he has mastered an Apple company that is destined to become a business empire. On the contrary, he still has the mood to bargain with Sequoia Capital.

The expression of the people at Sequoia Capital did not change at all. The chief analyst took out a document, handed it to Wen Ming, and said: We have already analyzed the global pure electric vehicle market, and we have also analyzed Tesla Motors. The selling price, profit, and production capacity have been analyzed, and 15 billion US dollars is the most accurate valuation result we have obtained.”

Believe me, no investment bank can offer more favorable conditions than ours. After all, we have given up management decision-making rights and priority cash-out rights.

Wen Ming flipped through the materials casually, and then said with a smile: You give up management decision-making power because you know that no one is more suitable than me to lead Tesla. You don't give priority to cashing out rights because you want to hold on for a long time. There are shares in Tesla.

Compared with other investment banks, the only thing that impresses me is the factory.

If the price cannot be negotiated, I don't mind wasting half a year to re-invest in building a factory by myself.

Moritz said with a smile: As far as I know, the construction time of the factory we have mastered is more than 18 months. Moreover, that is based on the premise that Toyota has a lot of experience in building factories. More importantly, now want to It takes at least half a year to get approval to build a car factory.

From here, Wen Ming and Moritz and the others began to bargain back and forth.

Everyone in Moritz can intervene, but Zev and Cage on Wenming's side can only reluctantly offer some opinions.

This is not only a gap in experience, but also because Cage and Zev are already very satisfied with the valuation of 15 billion US dollars. The two of them are not as confident about Tesla's future as Wen Ming.

In the situation of one against three, Wen Ming did not have the slightest stage fright because of the strong self-confidence brought about by technology.

After an hour and a half, the two sides finally reached a tie.

At a valuation of US$21 billion, we got a 20% stake in Tesla with a factory worth US$1 billion and cash of US$3.2 billion.

Moritz said: Mr. Wen Ming, believe me, this is already the highest price any investment bank in the world can pay.

Wen Ming laughed and said: Mr. Moritz, please believe me, this will be the most correct investment decision you Sequoia Capital made in 2010. Even, it is comparable to your investment in Google and Yahoo.

Moritz smiled helplessly, and said: The combined funds we invested in Yahoo and Google are not as much as the funds invested in your Tesla. And I believe that Tesla's market value cannot exceed Google.

Wen Ming continued to laugh and said: It is really difficult for us to exceed Google's market value, but as you expected, we may exceed Yahoo's market value of 100 billion US dollars, and you can't find companies like Google to invest in.

Cage and Sequoia Capital's lawyers have already started sorting out the financing contract, and Wen Ming once again asked Moritz a question.

Mr. Moritz, now, can you tell me about Sequoia Capital's analysis report on Nokia and WP mobile phone systems?

Moritz gestured to the chief analyst, and then said, Actually, I have already brought the analysis report.

Wen Ming was stunned for a moment, and then asked: You mean, if we can't reach a financing agreement today, you won't give me that report?) Download the free reader!!