Panasonic sells its $3.6B Tesla stake • Hacker News Board

Re: Panasonic sells its $3.6B Tesla stake

#21

Post by deelowe » Fri, Jun 25, 2021, 4:27 PM UTC

paulpauper wrote: post #6

FartyMcFarter wrote: post #3

It 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.

"The market can remain irrational longer than you can remain solvent."

And it will continue to go up until it doesn't. Maybe Tesla has a vault of unicorn blood and is just waiting for the perfect time to unveil it, but as a car company, their stock valuation makes absolutely no sense. It would take a miracle for Tesla to overtake more than all 3 top automakers combined. There is zero indication this has any possibility of becoming a reality.

Tesla's stock performance is in pure FOMO land now.

Re: Panasonic sells its $3.6B Tesla stake

#22

Post by romwell » Fri, Jun 25, 2021, 4:27 PM UTC

>The move provides the Japanese firm with billions of cash to support new strategic initiatives, such as the $7.1 billion purchase of Blue Yonder

...what the hell is Blue Yonder, and why would Panasonic want it?

Re: Panasonic sells its $3.6B Tesla stake

#23

Post by moistbar » Fri, Jun 25, 2021, 4:28 PM UTC

Aperocky wrote: post #14

paulpauper wrote: post #6

Earlier 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.

Their charging infrastructure is by far the best out there, even if it is a proprietary standard.

Re: Panasonic sells its $3.6B Tesla stake

#24

Post by BurningFrog » Fri, Jun 25, 2021, 4:28 PM UTC

Not as dramatic as it sounds:

"Panasonic sold its entire share in their important battery client Tesla, in the last fiscal year"

Re: Panasonic sells its $3.6B Tesla stake

#25

Post by deelowe » Fri, Jun 25, 2021, 4:28 PM UTC

FartyMcFarter wrote: post #18

paulpauper wrote: post #6

Earlier 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.

> 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.

It's pretty clear to me...

Re: Panasonic sells its $3.6B Tesla stake

#26

Post by 988747 » Fri, Jun 25, 2021, 4:28 PM UTC

paulpauper wrote: post #6

FartyMcFarter wrote: post #3

It 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.

Tesla MARKET VALUATION has grown like crazy, but their sales and profits are lagging behind. And you're wrong: Tesla might have an advantage in infrastructure (Supercharges) but their technology is not far ahead of others, and their market share is falling down (at least in Europe).

Also: Tesla is planning to open up their chargers network to other cars [1]. So either they have a plan to ditch car manufacturing and focus on chargers network (and battery production), or they are digging their own grave.

[1] https://electrek.co/2021/06/24/tesla-confirms-plan-open-supe...

Re: Panasonic sells its $3.6B Tesla stake

#27

Post by karmakaze » Fri, Jun 25, 2021, 4:28 PM UTC

FartyMcFarter wrote: post #3

It 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

That makes sense in the restricted context of what traditional makers did. Tesla has a way of broadening their markets. e.g. batteries. electric power storage, electric chargers. This can continue so possibly cut into petrol or logistics companies. Hard to quantify a limit.

Re: Panasonic sells its $3.6B Tesla stake

#28

Post by systemvoltage » Fri, Jun 25, 2021, 4:29 PM UTC

FartyMcFarter wrote: post #3

It 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

There are a few more in the pipes:

- Rivian (Private)

- Lucid (Private)

- Arrival (ARVL): $10B

- Nikola (NKLA): $7B

- Canoo (GOEV): $2B

- Lordstown Motors (RIDE): $2B

Although: > EV Startups Are in Trouble. Investors Don’t Care.

https://www.wsj.com/articles/ev-startups-are-in-trouble-inve...

Re: Panasonic sells its $3.6B Tesla stake

#29

Post by agloeregrets » Fri, Jun 25, 2021, 4:30 PM UTC

toomuchtodo wrote: post #20

Aperocky wrote: post #14

Earlier quoted context omitted.

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.

Superchargers are better on average.

But the US Electric Canonball run record is NOT held by a Tesla. It's getting there.

Re: Panasonic sells its $3.6B Tesla stake

#30

Post by bluedino » Fri, Jun 25, 2021, 4:30 PM UTC

romwell wrote: post #22

>The move provides the Japanese firm with billions of cash to support new strategic initiatives, such as the $7.1 billion purchase of Blue Yonder ...what the hell is Blue Yonder, and why would Panasonic want it?

According to wikipedia: Blue Yonder (formerly JDA Software Group) is an American software and consultancy company (owned by New Mountain Capital, The Blackstone Group and Panasonic), providing supply chain management, manufacturing planning, retail planning, store operations and category management offerings[1] headquartered in Scottsdale, Arizona.