Yet the stock is still going up.
Yet you believe this action should preclude the price from going up?
Panasonic sells its $3.6B Tesla stake
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Re: Panasonic sells its $3.6B Tesla stake
#12It seems like a smart decision once you look at car companies' market caps: Tesla: $651 B Toyota: $288 B Volkswagen: $152 B Daimler / Mercedes: $99 B Ford: $60 B
People said this 3 years ago too, arguing Tesla was too big. guess what: it got way bigger. Tesla is forcing other brands to have to adapt or die. They are way behind Tesla in technology, infrastructure, and marketshare for electric vehicle and battery tech.
Don’t forget customer satisfaction.
Re: Panasonic sells its $3.6B Tesla stake
#13A more appropriate headline would be: Panasonic uses gains from stock investment (TSLA) to expand car battery operations.
Re: Panasonic sells its $3.6B Tesla stake
#14It seems like a smart decision once you look at car companies' market caps: Tesla: $651 B Toyota: $288 B Volkswagen: $152 B Daimler / Mercedes: $99 B Ford: $60 B
People said this 3 years ago too, arguing Tesla was too big. guess what: it got way bigger. Tesla is forcing other brands to have to adapt or die. They are way behind Tesla in technology, infrastructure, and marketshare for electric vehicle and battery tech.
Maybe market share, but I can't see how the argument goes for technology or infrastructure.
As of now, none of the auto-driving tech is acceptable to go hands free, people have tried it and paid with their lives. The only difference between Tesla and traditional companies is that Tesla didn't seem to mind people testing unproven techs with their lives while the other manufacturers are more restrictive.
Re: Panasonic sells its $3.6B Tesla stake
#15Reading between the lines, my guess is Panasonic is getting ready to work --and scale-up-- with lots of car manufacturers. Owning stock in any one company would create a conflict of interest. So, you either buy an equal amount (whatever "equal" means) in stock in every company you work with or you own no stock on any of them. The latter is the easiest path to eliminating any ethical questions.
Re: Panasonic sells its $3.6B Tesla stake
#16.... making almost $3B in profit. edit: in perpective - they owned about 0.55% of Tesla. Selling their share nets Panasonic a windfall thats worth about 10% of their own $27.7B market cap.
Yeah "dumping" a winning trade isn't dumping. It's taking profits to move onto other investments.
Re: Panasonic sells its $3.6B Tesla stake
#17"The Japanese firm paid $21.15 per share for around 1.4 million shares" That is some decent profit
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Re: Panasonic sells its $3.6B Tesla stake
#18It seems like a smart decision once you look at car companies' market caps: Tesla: $651 B Toyota: $288 B Volkswagen: $152 B Daimler / Mercedes: $99 B Ford: $60 B
People said this 3 years ago too, arguing Tesla was too big. guess what: it got way bigger. Tesla is forcing other brands to have to adapt or die. They are way behind Tesla in technology, infrastructure, and marketshare for electric vehicle and battery tech.
> it got way bigger.
It's still unclear whether this is due to fundamentals like the ones you mention, or just an irrational stock market.
Now that more and more companies are coming out with their EVs, the truth might become clearer.
Re: Panasonic sells its $3.6B Tesla stake
#19It seems like a smart decision once you look at car companies' market caps: Tesla: $651 B Toyota: $288 B Volkswagen: $152 B Daimler / Mercedes: $99 B Ford: $60 B
People said this 3 years ago too, arguing Tesla was too big. guess what: it got way bigger. Tesla is forcing other brands to have to adapt or die. They are way behind Tesla in technology, infrastructure, and marketshare for electric vehicle and battery tech.
Toyota have been mass producing hybrid electric cars since 1997, and they practically invented the modern vehicle assembly line.
It's hard for me to accept as credible the assertion that they would be "way" behind Tesla in anything.
Re: Panasonic sells its $3.6B Tesla stake
#20Earlier quoted context omitted.
People said this 3 years ago too, arguing Tesla was too big. guess what: it got way bigger. Tesla is forcing other brands to have to adapt or die. They are way behind Tesla in technology, infrastructure, and marketshare for electric vehicle and battery tech.
Maybe market share, but I can't see how the argument goes for technology or infrastructure. As of now, none of the auto-driving tech is acceptable to go hands free, people have tried it and paid with their lives. The only difference between Tesla and traditional companies is that Tesla didn't seem to mind people testing unproven techs with their lives while the other manufacturers are more restrictive.
Take a long distance road trip with an EV without Supercharger access. Report back.