The €90 billion carmaker is mulling a listing of the Porsche division it has wholly owned since a major drama thirteen years ago reuters.com/article/us-vol…
It makes strategic sense as a significant way to bring in new Equity Cash, but might also be a source of fresh wrangling over price and control
The history is colourful
In 2007 Porsche’s then-parent group upped its VW stake in what looked like an effort to gain creeping control
Whatever the controlling Porsche-Piech family’s intentions, in 2008 it wound up sparking an epic short-squeeze of hedge funds who were betting against VW shares
Subsequent lawsuits and Porsche’s crushing debt pile eventually killed a plan for Porsche to merge with VW
1. For every 100,000 cars that Tesla makes, all other Automakers need to make 400,000 BEVs and consume >20 GWh of Battery Supply
- please show me that production and that Battery Supply
2. For every +100,000 units of new capacity that Tesla adds, all other Automakers need to add +400,000 units of new BEV Capacity and +20 GWh of new Battery Supply Capacity
- please show me that new BEV Production Capacity and that new Battery Supply Capacity
3. Why does this matter - PART 1
- because if all other Automakers do not do this, they will lose Global Market Share to Tesla
Bill Gates praised Tesla and its CEO Elon Musk's contributions on mitigating climate change in a New York Times podcast this week finance.yahoo.com/news/bill-gate…
What Happened :
"Well, it’s important to say that what Elon did with Tesla is one of the greatest contributions to climate change anyone’s ever made,” the billionaire-philanthropist said on NYT opinion writer Kara Swisher’s twice-weekly podcast “Sway"
“Underestimating Elon is not a good idea,” Gates added.
Why It Matters :
The Microsoft co-founder's comments follow Musk's appearance on Joe Rogan's podcast where he said he had heard that Gates might have had a short position on Tesla stock :