Reaching the age of thirty, my income randomly doubled

"If you ask me, we should definitely cash out Tesla first."

"Its market valuation of 520 billion USD surpassing Toyota is clearly inflated."

"Whether you consider it from the profit sector or future prospects, Tesla's valuation is excessively high and doesn't truly possess the strength to outshine Toyota."

Toyota's annual profit is 140 billion, yet its stock price is less than half of Tesla's.

This is obviously abnormal.

Tesla has obviously taken advantage of the 'new energy' concept—everyone's buying into a hopeful future.

But the reality is, in 2019, Tesla's net profit was only 105 million USD.

Meanwhile, Toyota's net profit in 2019 was as high as 140 billion RMB.

Its stock price is less than half of Tesla's. From this, you can see just how much air there is in Tesla's valuation.

The team voted unanimously to reduce Tesla holdings first.

The secretary taking minutes on the side was completely stunned—so the boss, who's always saying things are hard, hard, hard...

...actually owns stock worth 26 billion USD in Tesla alone.

He poured heaps of money into Tengfei New Energy, but at the same time, he's poured countless funds into the entire new energy industry.

Especially in Tesla, the global leader in new energy, buying continuously over five years.

Now, just a casual meeting reveals that while money shortages are a problem worldwide, the boss here doesn't lack funds at all.

No wonder the Economic Research Institute has been utterly indifferent to domestic {economic} issues.

Everyone knows that traditional sectors might suffer losses, but the boss taking out 20 billion to subsidize employees is a trivial matter for him.

As people say, when the east is dark, the west shines.

With just the investment in these two stocks, he's raking in enormous profits.

The domestic economy is indeed on a downward trend, but the boss is undoubtedly becoming wealthier by the day.

It's a case of spending more but earning even more.

The meeting took less than half an hour, and the team unanimously voted to start reducing Tesla holdings first.

Chen Pingsheng agreed, but won't sell all of it.

He made a call to Tengfei Fund on Wall Street, setting a goal to reduce Tesla holdings by 2% within a month.

The funds cashed out amount to around 10.4 billion USD—that's 71.5 billion RMB in conversion.

It's his largest liquidation to date.

Once the funds are in hand, deciding how to spend them is another big matter.

The financial needs for Tengfei New Energy in 2020 have already been fully met, but he still plans to allocate another 20 billion there.

The primary reason is the imminent sales boom in the new energy market. Beyond building more mega factories, expanding battery production is equally necessary.

All this requires substantial capital.

Aside from this, he's also planning to invest 31.5 billion RMB to shift focus and increase NVIDIA holdings.

Artificial intelligence is undoubtedly the trend of the future—this goes without saying.

NVIDIA, with the potential to be the global leader in AI, will likely see its stock price continue to soar.

His over 30 billion investment might look substantial, but in reality, it'll only buy about 1.2% of shares.

Add that to his existing holdings, he personally owns roughly 4% of NVIDIA shares.

Tesla holdings will remain at 3%, with no plans to reduce further this year.

Another 20 billion will go into expanding Tengnong Breeding to enhance agricultural production influence.

At least 15 billion of that will be directed towards expanding operations across 12 provinces.

With this wave of financial maneuvers, Tengying Group may seem like it's constantly struggling...

...but the reality is that it can access 40 billion USD in cash reserves at any time.

And that's the type with zero debt—can any other private enterprise in the country achieve that?

With this level of cash reserves, if he were to sweep up assets externally now, one could only imagine how many colossal enterprises he'd acquire.

Of course, Chen Pingsheng won't do that—it serves no meaningful purpose.

Today's discounts will further deteriorate; in two years, they'll reach bargain-basement levels.

As for Xu Pidai, who boasts 300 billion cash reserves, that's likely all talk.

He's probably enduring tough times now—this old guy is headed for trouble.

Chen Pingsheng remains methodical, moving forward step by step.

His wife oversees the company's entire healthcare sector, with Water Cloud Space holding things steady; there's no need to touch his funds.

He continues with his existing plan to steadily expand into tech sectors, including agricultural production.

Regarding traditional sectors, they'll just have to endure; things might improve once the pandemic truly subsides.

In any case, he's in no hurry—with plenty of resources on hand, why rush?

Xu Pidai, on the other hand, is indeed frantic. He's even launched a campaign offering 30% discounts on home sales.

The main idea is that homebuyers who introduce other buyers can earn various rewards and benefits.

Nowadays, convincing relatives to purchase homes is akin to leading them into a trap.

They'll end up ruining relationships—it'll be impossible to remain relatives after that.

After the meeting ended, Chen Pingsheng privately exchanged a few words with the Economic Research Institute's director.

This year doesn't matter much; as long as the pandemic isn't entirely eradicated, economic recovery will be quite tough.

Even once the pandemic ends, it's unlikely we'll see the previous levels of consumer fervor.

They'll just have to persevere. If it becomes truly unbearable, he wouldn't mind bottom-fishing on some quality assets.

"Boss, our Tengying Group never really lacked money."

Tang Jing chuckled, sounding quite proud.

"Of course not lacking—it's more about preventing everyone from coming to borrow money and wanting the Group's executives to maintain some sense of crisis."

"Oh, I saw in the employee chat group that many people are discussing whether the Group is facing some sort of crisis. They're even thinking about crowdfunding to help."

"That's thoughtful."

Although he doesn't lack funds, he genuinely appreciated seeing employees welling up with such ideas.

Chen Pingsheng said, "Have the Group's PR department adjust its messaging so there's no longer this deliberate creation of a 'crisis' atmosphere. In June, we can organize a three-day team-building event for the Group. There's no need to worry about expenses—I'll personally contribute 800 million for this."

When a crisis hasn't arrived, the Group must emphasize the crisis, ensuring employees remain vigilant at all times.

Once a crisis does materialize, the focus must shift to maintaining optimism.

800 million seems like a lot, but consider the staff at Golden Mountain headquarters alone—it totals at least 40,000 to 50,000.

Organizing team-building activities for such a large group can't happen without billions in expenses.

He'll personally provide 800 million, while publicly traded enterprises under the Group will chip in to reach approximately 1.2 billion.

The activities held in Magic City will span multiple venues for such an enormous turnout.

Planning such an event requires tremendous resources and manpower.

This minor task he left to the secretary.

All post-event plans will eventually come to him for approval before execution.

It's a sort of major encouragement during economic downturns.

"Boss, will there still be team-building activities this year?"

"Absolutely."

Chen Pingsheng was also considering providing company-owned housing for all employees. The existing homes in Tengying Community had sold out.

Still, it's insufficient to accommodate everyone, so he's planning to buy another residential land plot.

The plan is to construct 12,000 to 16,000 new housing units.

With plenty of funds at hand, this poses no issue—developing the second phase of Tengying's upscale residential community is deemed necessary.

Additionally, a premier villa neighborhood will be developed exclusively for company executives.

These homes don't need to be numerous; a few hundred will suffice.

Acquiring land in Golden Mountain is relatively cheap, especially given current conditions—it's practically a steal.

An estimated 5 billion investment could secure the land and initiate construction.

Any competitors vying for this project would require substantial upfront capital.

With Tengying Group's clout, that's no issue whatsoever.

Chen Pingsheng started coordinating with teams to get this matter underway right away.