.... 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.
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Panasonic sells its $3.6B Tesla stake
71–80 of 185 posts
Re: Panasonic sells its $3.6B Tesla stake
#72It 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...
Canoo is the manufacturer to watch. They have the bmw I vehicle team on staff and have been in talks with Apple.
Re: Panasonic sells its $3.6B Tesla stake
#73Earlier quoted context omitted.
Dumping a winning trade is still dumping. It means you think you have won as much as there was to be won and you now have better uses for the money. This suggest you believe the stock is no longer as wortwhile as some alternative.
When Amazon sell you a printer or a book or a laptop, are they dumping it?
A seller could certainly dump unmoved inventory on any marketplace.
Re: Panasonic sells its $3.6B Tesla stake
#74Earlier quoted context omitted.
Dumping a winning trade is still dumping. It means you think you have won as much as there was to be won and you now have better uses for the money. This suggest you believe the stock is no longer as wortwhile as some alternative.
When Amazon sell you a printer or a book or a laptop, are they dumping it?
If they're selling me their entire inventory of one particular item, and do not intend to purchase more of it - maybe?
Re: Panasonic sells its $3.6B Tesla stake
#75It 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 just isn't true that other brands are lagging way behind Tesla in tech / infra / market share for electric vehicles.
The difference in the past 3-4 years has been huge and traditional car companies have really closed the gap. We're no longer in the days of only the Leaf and the Bolt being electric cars with reasonable range.
Most electric cars these days have enough range to be a daily driver. Most cars these days have driver assist and rear cameras, etc. Tesla's "fully autonomous" car is not here (despite being "2 years away" 6 years ago). Teslas have shockingly lower reliability than people expected when they first started being sold, and traditional cars have a leg up on them in this regard.
I'm not a Tesla downer, honestly I think they've done so much good for the world and the risks taken to make that company a success has accelerated progress in so many ways. All of that can be true, and it can also be true that other brands are catching up and already have attractive alternatives to Teslas out in the market now.
Re: Panasonic sells its $3.6B Tesla stake
#76Earlier quoted context omitted.
Dumping a winning trade is still dumping. It means you think you have won as much as there was to be won and you now have better uses for the money. This suggest you believe the stock is no longer as wortwhile as some alternative.
When Amazon sell you a printer or a book or a laptop, are they dumping it?
Yes?
If Amazon thought the items in its warehouse were appreciating, I fully believe they'd decline to sell at a lower price.
Re: Panasonic sells its $3.6B Tesla stake
#77Earlier quoted context omitted.
> 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…
They are opening up in Norway, presumably due to local laws.
Re: Panasonic sells its $3.6B Tesla stake
#78Earlier quoted context omitted.
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…
I own both a Audi e-Tron and Tesla Model Y (well, it’s the wife’s but you get the idea.) Taking a road trip in the Audi is all but out of the question because of how awful the charging infrastructure is. That is not say nothing in regards to the litany of design flaws, poor consumption, and miserable dealer support with the Audi. Tesla is easily 10-15 years ahead of all other manufacturers.
> Tesla is easily 10-15 years ahead of all other manufacturers.
Well the majority view is that the Porsche Tycan is a better car, but at a different price point - considering the (im)maturity of the market 10-15 years seems a stretch, particularly considering there are some great cars coming out like the mini electric.
Re: Panasonic sells its $3.6B Tesla stake
#79Reading 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.
Why would it be a conflict of interest or some vague ethical concern, instead of just expecting the TSLA valuation to drop as they expand their client list?
Clear conflict of interest prevents future sales contracts with other clients.
It's not the governments or Panasonic, it's their image to new clientele.
Re: Panasonic sells its $3.6B Tesla stake
#80It 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.
BMWs next electric cars will have batteries with zero (!) rare minerals, they are on the way to produce cars with renewable energy and they can recycle 96% of their batteries, just not the thermoplastic. There is much more they are doing. Where they forced to adapt? Yes, they weren't at the forefront. But they are taking huge leaps forward.
All that while providing, well, the quality of a german car. I drove a model 3 and a BMW and there is a massive difference in quality.
If there is a German car maker lagging behind I think it would be Daimler/Mercedes Benz. VW is somewhere in the middle I guess.