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Chapter 2650 Privatization

This is the necessity for the existence of the AB share model.

Tesla is not an AB stock, which will bring huge trouble to Musk's management and control of the company.

Netflix is ​​an AB stock, so Reed Hastings doesn't care how many shares of Netflix Zhou Buqi holds, more or less, it doesn't matter.

Anyway, Hastings has super voting rights. Even if Zhou Buqi buys all the other stocks, as long as Hastings doesn't want to let go, control of Netflix will always be in his hands.

This is protected by law and procedure and is approved by the Nasdaq exchange.

Not so with Tesla.

Even if Zhou Buqi signed a transfer agreement for voting rights, this would not work, because this transfer agreement is between private individuals and is not universal.

For example, Zhou Buqi transferred the voting rights of 7% of his shares to Musk.

It seems that there is no crisis for Musk.

In fact, this is not the case at all.

Once Zhou Buqi sells these 7% shares, for example to Black Rock Capital, everything will be over.

The voting rights transfer agreement is not a rigid binding of these shares.

In other words, once these 7% shares are in the hands of Black Rock Capital, they will regain their "freedom" and their voting rights will be taken back from Musk.

Unless Black Rock Capital and Musk sign an additional voting rights transfer agreement.

Therefore, if Zhou Buqi wants to obtain more Tesla shares, Musk will not allow it, because the so-called transfer of voting rights is not an institutional-level procedure, but a commitment between two people, which can be easily circumvented.

This is very embarrassing.

Boss Zhou is rich, but he wants to buy more Tesla shares but is unable to do so. It is impossible to obtain permission from the actual controller.

Unless Zhou Buqi is forceful and doesn't care about Musk's attitude, he forcefully buys stocks from the stock market, or privately contacts and purchases privately with other institutions that hold Tesla stocks.

But if you do this, it is a vicious acquisition.

The consequences could be disastrous.

Maybe Musk gave up his job in anger and resigned from Tesla... No matter how much Tesla stock he held that week, it was very likely that it would become a piece of waste paper.

In the previous life of Tesla, after many crises had been resolved, the cheap Model 3 model had been developed, and the China Gigafactory project had been approved... Just when it was about to become a success, Musk suddenly jumped out to cause trouble.

He wants to take Tesla private!

A very important reason is that Tesla, as a listed company, has failed in its institutional design. He wants to privatize Tesla, and then formulate an AB share system to relist Tesla.

This control is firmly in your hands.

But then there was a lot of resistance. Musk complained on the TV station that after having a good time chatting, he got into a big deal. As a result, he got into big trouble again and his position as chairman was removed.

Fortunately, the Gigafactory in Shanghai was so powerful that the Yangtze River Delta was indeed the manufacturing center of the world, with amazing output and amazing efficiency, which helped Tesla's stock price skyrocket.

Musk said: "I want to ask for your help... Well, contact an institution that is willing to receive that part of the shares. After receiving it, you have to sign an agreement to act in concert with me and transfer the voting rights to me."

"It's not troublesome enough!"

Zhou Buqi is a little irritable.

Musk said: "If it wasn't troublesome, I wouldn't ask you for help. You should know many powerful capital institutions on Wall Street, right? If I don't sign a transfer agreement, I won't need your help. I can also contact some institutions myself. "

Zhou Buqi waved his hand, "It doesn't have to be so complicated!"

Musk asked: "What should we do?"

Zhou Buqi said: "I'll give you an idea to privatize Tesla!"

"ah?"

Musk was stunned.

After hard work, Tesla was put on the market. Now the Model S model has been developed and launched, and the Model X model is also being developed. Everything seems to be on the right track.

Will Tesla be delisted at this time?

Zhou Buqi said: "There are advantages and disadvantages to going public. Tesla is still very fragile now. Traditional car companies are suppressing it in various ways. The technology of electric cars is not mature enough. Any negative news may lead to Tesla's collapse." The stock price fell sharply. This pressure is too great, it is better to delist. It works behind closed doors and has nothing to do with the outside world!"

Musk said: “The purpose of Tesla going public is to have broader and more convenient financing channels.”

Zhou Buqi said: "Isn't it just that you are short of money? Let me help you solve it!"

Musk was skeptical, "requiring an unimaginable amount of money."

Zhou Buqi smiled and said: "If it doesn't work, you can re-list it. When it is listed next time, we will design the system for AB shares. Then you won't have to be so petty. I will buy Tesla stocks. That's to support you, as if I want to seize the class and seize power. I don't know how to build cars, so why should I compete with you?"

"this……"

Musk was immediately moved.

If this solution works, it's really the best solution for him. With the launch of Model S, more and more car owners are driving Tesla.

However, there are more Tesla cars running on the streets, and there are more chances of accidents. The Internet is full of negative news about Tesla.

Coupled with the suppression and exclusion of traditional car companies...

This kept his nerves at their most tense.

Now, what troubles Musk the most is not building rockets, but building trams. If he wants to open up a new industry, this road is really difficult.

If Tesla delists, there will be much less pressure from the outside world.

Musk said: "What should I do with the delisted funds?"

Zhou Buqi smiled and said, "It's just money, I'll take care of it!"

Musk glanced at him and said, "You're going to pay? Are you going to help me privatize Tesla?"

"It's not impossible for me to run it." Zhou Buqi nodded, "However, capital operation matters are not our strong point after all. If you really intend to launch Tesla's delisting plan, I can invite you Two heavyweight helpers. If they take action, Tesla's privatization and delisting will definitely succeed."

Musk asked: "Who?"

Zhou Buqi said: "Carl Icahn and Larry Fink."

"Huh?" Musk was quite surprised, "Larry Fink? Will Black Rock Capital participate in such a risky project?"

Zhou Buqi smiled and said, "As long as I'm here, I will participate."

Musk said: "You have such a good relationship with Black Rock Capital?"

Zhou Buqi didn't answer the question and said with a smile: "If it doesn't work out, I can also invite friends from the Rockefeller family to come out."

"Rockefeller?"

Musk's eyes lit up and he was very interested.

I heard that the Rockefeller family has turned to politics in recent years. The family has produced more than a dozen congressmen, large and small, in various states and cities in the United States. Although it is not strong, it is still a force that is not weak.

Tesla is an electric car and a new industry. If it can get the support of more lawmakers, it can get more policy inclinations.

Of course, the most important thing is to be interested in the "Rockefeller" sign.

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