Chapter 888: Chapter 860: Storm Brewing in the Wind-Filled Tower
“Mr. Lu, General Tianxing has successfully gone public.”
Just finished with the media interview, Wen Chao immediately called Lu Liang. The situation they were most worried about had not occurred.
Giving up some interests brought significant effects since everyone is in a win-win or lose-lose relationship; no one caused trouble on the first day of listing.
“Keep an eye on it for a few more days to ensure nothing goes wrong.”
Lu Liang’s mind wandered, temporarily attracted by Tesla’s market trends.
General Tianxing went public today and repeatedly challenged Tesla; logically, Tesla’s stock trend should be affected, either surging or plunging.
But strangely, it’s been in a sideways trend since opening today, as if someone is supporting the market, creating an air of indifference.
Wen Chao thought for a moment and replied, “Could it be they don’t want us to ride this wave of attention?”
Although Lu Liang is quite famous in the market, General Tianxing is, after all, an outsider.
In contrast, Tesla, after several years of development, has successfully turned the US stocks “Six Sisters” into “Seven Sisters,” becoming the third-generation US technology flagship enterprise after Microsoft and Apple.
Whether in terms of brand value or market potential, Lu Liang claiming General Tianxing rivals or even surpasses Tesla is actually a stretch.
Their intention was to create the illusion for market investors that the two companies could be compared. Newest update provıded by 𝕟𝕠𝕧𝕖𝕝✦𝘧𝙞𝙧𝙚✦𝕟𝕖𝕥
Tesla’s market maker perhaps noticed this and countered with indifference.
As the saying goes online, “Don’t come here to leech.”
“We can’t rule out this possibility.”
“After all, foreign brands have been overly praised by locals for too long, even they believe they are noble.”
Lu Liang chuckled and recalled the recent group buying subsidy storm initiated by Pinduoduo, sweeping through the e-commerce industry.
Recently, Pinduoduo’s group buying channel listed five Mao Dou 3 cars, each priced five to six thousand dollars cheaper than the official selling price.
All are brand new, unused cars, with Pinduoduo voluntarily subsidizing several thousand dollars per car for consumers.
Pinduoduo primarily targets the lower-tier markets, whereas Tesla is a high-standing US high-tech company, a gem in the industry, a product of technology.
Their brand styles are as different as elegance contrasts with the mundane; the artistic gap is perhaps as high as several floors.
Pinduoduo attempts to catch a bit of Tesla’s perceived premium image to alleviate its own cheap and low-quality brand style.
They did succeed, spending tens of thousands to gain hot topics worth millions, even billions.
However, while the public views Tesla as a synonym for premium quality, Tesla itself believes it is a high-end product.
They directly refused to deliver Mao Dou 3 to Pinduoduo’s group buyers, citing non-compliance with Tesla’s delivery policy.
The incident escalated significantly, showcasing foreign brands’ arrogance vividly, completely forgetting they are merely industrial products purchasable by money, without inherent superiority.
Thus, faced with the aggressive and openly challenging General Tianxing, Tesla indeed could act indifferently.
Moreover, this flaw is not exclusive to Tesla; all famous foreign brands have it, essentially coddled by brainless fans.
“It’s not like it’s a hundred-year-old development of internal combustion engines and transmission technology; really considers itself special.”
With a smile on his lips, Lu Liang already thought of a countermeasure, advising Wen Chao: “Be extra cautious out there, come back if everything remains normal in a few days.”
Ending the call, Lu Liang then contacted Sun Yutao, instructing him to reach out to the person in charge of the company holding Tesla’s equity on behalf to appropriately reduce holdings; he didn’t want to see Tesla closing higher today.
Someone is supporting the market, unwilling to let Tesla be dragged into General Tianxing’s momentum, losing brand style.
Then they will hit the market hard; there’s nothing more exciting than pulling a high-and-mighty goddess into the fray.
“Oh~ Mr. Lu, your smile is so wicked.”
The quilt shifted, and a cutie emerged.
Tian Xi’s face was flushed, beads of sweat collected at the tip of her nose, pale lipstick prints were scattered messily, and there was a trace of whiteness at her mouth’s corner.
Lu Liang rolled his eyes, saying with mock irritation: “Do you think you don’t look wicked now?”
“Who caused it?” Tian Xi pouted, crinkling her nose, the scent lingering.
Feeling more annoyed, she then suddenly leaped like a frog: “You have a taste too.”
“Come on~ my dear Mr. Lu.”
Amid their playful struggle, Tesla’s stock price also fell in response to Lu Liang’s order.
A large number of sell orders appeared out of thin air in the market, causing the stock price to drop from $220 to $202.
$202 was also the closing price of the previous working day, where both bulls and bears started intense battles.
Stock prices sometimes in red, sometimes in green,
No longer isolated, with a unique appreciation.
Su Shimin frowned, his gaze sharp as he scanned everyone in the conference room.
Since Lu Liang’s last clearance, Tesla had undergone a financing round and a 20-to-5 stock split.
Not only gathering the scattered circulated stocks but also reducing the stock price from $800 to $200 through targeted issuance.
It can be said that their seven Wall Street financial institutions, including Musk’s personal holdings, held over 75% of circulating shares.
Excluding some long-term holdings by smaller investment banks or institutions, the market’s circulating shares would unlikely exceed 15%.