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The author:(作者)aaapublished in(发表于) 2014/12/11 9:23:01 Missing Tesla， Apple bought the company？ ，
Missing Tesla, Apple bought the company? -Tesla, BYD-IT newsMissing Tesla, Apple bought the company?
A good joint rash joint topic, this is the Tesla back to speculation on several occasions. But as to buy Tesla's legend is Apple, so this topic is heating up again.
Although creative dreams, but in terms of capital, technology and markets, endogeneity, Tesla has been seen as a burden, each step requires industry and Government support, and this support is still difficult to see returns. In 2010, Tesla lost $ 150 million, 2011-year loss of $ 254 million, 2012-year loss of $ 396 million in 2013, loss of $ 74 million, a total loss of $ 236 million in the first three quarter of 2014.
Meanwhile, 2009, United States Department of energy gives Tesla $ 465 million low interest loan to avoid them to close down. Tesla to sell a car, from the State and federal government benefits provided in the policy, the Federal Government gave a $ 7500 credit, Colorado gave $ 6000, West Virginia gave $ 7500. In addition, by virtue of the concept of new energy vehicles, Tesla plans to build plant States enjoy free land, tax exemption and other preferential policies.
Tesla can't afford selling points were earned: United States Government-environmental programs in California EV z provides that manufacturers sell a zero-emissions car, California's Government giving points each while a non-zero-emission vehicle consumes points. Finished the integration of the enterprise to sell cars to buy credits, Tesla will be exclusive to win points sold in 2013, which received 130 million dollars alone.
In addition to help from the Government, investment-related companies also give Tesla access to respite at a critical moment, such as the 2008 Daimler spent $ 50 million acquisition of 10% shares of Tesla and open cooperation with the Tesla. Not so long ago Daimler receded from the Tesla unit, reminded Tesla if continued existence must reinforce the inherent viability, but the market's distress is almost never gives Tesla respite.
Due to financial and technical problems such as Tesla plans often fall to the ground. Car listed results in a year is expected to in the first paragraph after 3 years; new cars of the planned commissioning date for the 2013 m odel x postponed until the end of 2015; m odel S2014 yields expected from previous 35,000 to 33,000 vehicles. But this does not affect the Tesla's stock in these bubble blooms and attractive light continue to swell, as its market capitalisation by Unreal bubble.
Mr MASKEY argue "r oadster not just a rich man's toy" ruthlessly the fact confirms what he said is the opposite. Tesla currently United States market share of 0.5 out of 10,000, buyers are wealthy. Even if the market is expanding to China, only the wealthy had the desire to buy. Motivation is not purchased and save on fuel costs, but stylish and fresh experience. In China, Tesla's market potential is very limited.
Due to Super charging points cost, Tesla is marketing in China is also difficult. United States head of the electric power Research Institute, the power transmission make·da Daur referring to costs of building charging stations, said: "If you think driving traveling freely between the two cities, we could have to borrow hundreds of billions of dollars. "Cash-strapped Tesla dijj セij to hesitate before hard in front of this huge investment. And charging experience is poor, and Tesla's market potential may be a spent force.
Even if Tesla can make low-cost electric cars at low prices, but there is no large integrated battery, speed and mileage discount, so the product into homogenization of competition including other new energy enterprises, market space and narrower profit margins.
However, this does not affect the musk genius used to be packaged into new jobs, Mr MASKEY's work was once compared to Steve jobs of Apple, but large gaps. Musk is also developed with new cool ideas, but Tesla Motors work and too rough in comparison with price vehicle, human-computer interaction design is also exposed to create "cool" sacrificing the convenience of flaw. Tesla's stock went up, but it's hard to imagine if Thomas g exit Tesla lost United States Government and the State Government financial support and the media hype of genius enterprise will go from here.
If Apple bought Tesla, may this burden continues to enlarge. Apple's current holdings of cash and investments totaled $ 155 billion, Tesla's market capitalization of just more than 30 billion dollars. Apple to buy Tesla 25% premium, you need to pay $ 37.5 billion; and Tesla's $ 2.5 billion in debt, total purchase amount of US $ 40 billion. If Apple wants to increase its borrowing in due course, its credit rating would be lowered; Apple's mostly abroad, if you want to transfer $ 37.5 billion of net cash from overseas, in accordance with United States 35% rates, Apple actually needs $ 47 billion in cash. If Apple used equity financing offer for Tesla, stock prices will fall; assuming the acquisition of Apple shares fell to $ 100, its issuance of 470 million new shares, Apple's earnings per share in fiscal year 2015 will fall from $ 7.51 to $ 6.99. Calculated in accordance with the price-earnings ratio of 14 times, earnings per share fell by $ 0.5, the stock fell $ 7, $ 41 billion market value evaporation.
Apple even ostentatious, but wanted to make cars and really shouldn't carry such a heavy burden. Because this burden will become greater and greater in the future: Tesla must sell a product to make a profit, but invested heavily to expand production capacity must be, invested heavily in product earnings to support, but profitable products need to be supported and subject to the capacity of the Government, but it is the infinite loop problem for Tesla.
Apple acquired the Tesla, it is better to buy BYD. Which has traditional automobiles and new energy vehicles and battery manufacturing core technology, outside Daimler and Buffett funding within national policy incentives, pure electric, hybrid, electric bus, a pure electric car rich product line, sitting on the world's largest Chinese market, buyers also receive State subsidies. BYD for China's IT industry leader in independent development ability is strong, worth more than 20 billion dollars, burdens are lighter, less risk, and core technology for its batteries can be complementary to the Apple, and Apple need not be too distracted to realize more dreams. If you want to buy, Apple might as well buy BYD.
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