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

Re: Panasonic sells its $3.6B Tesla stake

#31

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

deelowe wrote: post #21

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.

"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 possibili…

> until it doesn't.

That's not necessarily the case. Financials are irrelevant for stocks like Tesla, and it can continue to moon indefinitely if the market dictates it.

Re: Panasonic sells its $3.6B Tesla stake

#32

Post by [deleted] » 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?

[deleted]

Re: Panasonic sells its $3.6B Tesla stake

#33

Post by croes » Fri, Jun 25, 2021, 4:31 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 share is overvalued. Tesla is the leader in CPU, but only average in the rest of the manufacturing. And the main selling point for the CPU, autonomous driving, has been announced for years. In the meantime, there is only talk of the full potential for autonomous driving. In my opinion, it will still not be ready in 5 years.

Re: Panasonic sells its $3.6B Tesla stake

#34

Post by [deleted] » Fri, Jun 25, 2021, 4:31 PM UTC

ForHackernews wrote: post #19

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.

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.

[deleted]

Re: Panasonic sells its $3.6B Tesla stake

#35

Post by TX0098812 » Fri, Jun 25, 2021, 4:31 PM UTC

Can anyone explain how Tesla can be valued so high?

They're valued twice as high as Toyota at around 1/12 the profits of Toyota. P/E is almost 600 so they'd have to overtake Toyota's profits by a significant margin to justify their valuation.

So far this looks like pure hype.

However... they are way ahead in terms of technology in a number of areas and I guess they could also make money from things like their super charger network and batteries?

So maybe they're better positioned for the future / more diversified than Toyota and therefore have greater potential?

Re: Panasonic sells its $3.6B Tesla stake

#36

Post by [deleted] » Fri, Jun 25, 2021, 4:31 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?

[deleted]

Re: Panasonic sells its $3.6B Tesla stake

#37

Post by EGreg » Fri, Jun 25, 2021, 4:32 PM UTC

avelis wrote: post #16

codeulike wrote: post #10

.... 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.

Why not? It’s still dumping. Saying that someone is only dumping if they lose, makes it too narrow.

Dumping lowere the price, the bigger the dump the lower the price. Selling slowly can be called gradually unloading.

Re: Panasonic sells its $3.6B Tesla stake

#38

Post by jamestenglish » Fri, Jun 25, 2021, 4:32 PM UTC

avelis wrote: post #13

A more appropriate headline would be: Panasonic uses gains from stock investment (TSLA) to expand car battery operations.

Even more appropriate: Over the course of the last year Panasonic has divested from TSLA and used the gains to expand car battery operations.

The currently headline makes it sound like it just click sell on $3.6B shares, the article makes clear that they have been selling over the year and this is just the final report that they are fully divested.

Re: Panasonic sells its $3.6B Tesla stake

#39

Post by JPKab » Fri, Jun 25, 2021, 4:32 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.

As a recent owner of a model 3, I've been blown away by the charging infrastructure advantage.

The non-Tesla chargers near me in Colorado are just plain garbage. Sometimes, they work great, but other days I go back and the terminal won't function. And currently, these chargers are all the owners of non-Tesla EVs have.

I'm actually surprised there isn't a legal push by Congress to force Tesla to open up their charging infrastructure to others.

Re: Panasonic sells its $3.6B Tesla stake

#40

Post by toomuchtodo » Fri, Jun 25, 2021, 4:33 PM UTC

avelis wrote: post #16

codeulike wrote: post #10

.... 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.

"Panasonic realized exceptional gains on Tesla investment, continues successful partnership."

Edit: Money made is money made. Lots of wealthy folks who exited investments before they were done running.