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Tesla boss Elon Musk inspects construction progress in Grünheide - but he still lacks a central facility 

2020-09-03T13:57:10.871Z

Tesla boss Elon Musk took a close look at the Gigafactory in Grünheide on Thursday. The multi-entrepreneur believes that there is one area that needs to be improved in any case.



Tesla boss Elon Musk took a close look at the Gigafactory in Grünheide on Thursday.

The multi-entrepreneur believes that there is one area that needs to be improved in any case.

  • Tesla

    boss

    Elon Musk

    is on a flying visit to Germany.

  • His visit to the vaccine manufacturer

    Curevac sparked

    wild speculation.

  • Now he has

    inspected

    the construction site of the planned

    Gigafactory

    in

    Grünheide

    - and was not entirely satisfied.

Update September 3, 4:49 p.m.:

Tesla

boss

Elon Musk is

causing a stir with his trip to Germany.

So

far, the lively multi-entrepreneur has raised most of the dust on Tuesday with his stop at the vaccine

manufacturer Curevac

.

Musk, various media speculated, could possibly try to take over Curevac.

Curevac main owner Dietmar Hopp denied it immediately. *

On Thursday the

Tesla

boss

caused a

stir with his visit to the construction site for the planned

Gigafactory

in

Grünheide

near

Berlin

- and distributed praise.

"Germany rocks," said Musk, who is now the third richest person in the world with a fortune of around 110 billion dollars.

You can see "how fast the progress is".

Only one thing was missing: “When do we have the rave cave here?” Joked the

Tesla

boss to journalists.

Tesla wants to collect billions from investors - e-car maker pushes big capital increase

Update September 1, 4:49 p.m.:

The US automaker

Tesla

* creates the conditions for a billion-dollar capital increase.

The e-car pioneer can issue shares worth up to five billion dollars under what is known as an Equity Distribution Agreement.

That emerges from documents that the company filed with the US Securities and Exchange Commission on Monday and that are available on the

Tesla

website.

In contrast to a capital increase, with an

equity distribution agreement,

the shares are not placed with investors in one fell swoop, but are gradually sold on the stock exchange in smaller tranches.

Tesla

left open when the new shares should be issued.

In order to get fresh money, Tesla had recently relied on classic capital increases several times.

As recently as February, the company raised $ 2 billion from investors.

Tesla is

working flat out to expand its capacities.

The group plans to invest a billion euros in the construction of a new factory in Grünheide near Berlin alone.

A new gigafactory is also being built in Austin in the US state of Texas.

Big updates in 🇨🇦



- Trans-Canada Supercharging ✅


- Model Y deliveries ✅


- Leasing for Model Y & Model 3 🎯https: //t.co/gyFBEIsjSP

- Tesla (@Tesla) August 18, 2020

With the latest step, the e-car pioneer is taking advantage of the strong stock market environment.

Since the beginning of the year alone, the

Tesla share has given

investors a price increase of 450 percent.

Over the year, the price has increased almost tenfold.

It was only on Monday that

Tesla implemented

a 4: 1 share split, making the share look cheaper.

This has further boosted the share price.

Tesla boss Elon Musk is now worth $ 100,000,000,000 - worldwide only three people are richer

Update August 28, 9:35 a.m.

-

Tesla

* boss

Elon Musk

is now playing in the world's top league.

On Thursday, the eccentric entrepreneur's fortune surpassed the $ 100 billion threshold for the first time, according to calculations by the Bloomberg news agency.

It was only at the beginning of the month that Facebook boss

Mark Zuckerberg made

the leap into the league of the super duper rich.

Only

Microsoft

founders

Bill Gates

and

Jeff Bezos

*

lie

ahead of

them

.

The Amazon boss

now

leads the ranking of the so-called

centi billionaires

with assets of around 200 billion dollars by a large margin. 

The recent gains at Gates, Bezos, Zuckerberg and Musk are all driven by the ongoing Wall Street price rally.

For example, the Amazon share has risen by 70 percent since the beginning of the year.

That alone gave CEO Bezos a staggering $ 90 billion in assets.

The share * of the Californian e-car pioneer even rose by a staggering 390 percent in the same period.

Thus,

Tesla

became -Boss Musk rich in eight months to around 74 billion dollars.

Tesla: At this Bundesliga club, the electric car pioneer is under discussion as a shirt sponsor

Update August 19, 11:14 am

- The e-car

pioneer

Tesla

* and the internet

mail order company

Amazon

are

under discussion

as new jersey sponsors at

Hertha BSC Berlin

: "Both companies are ideal candidates," a person familiar with the processes told Merkur.de *.

The Bundesliga club had only prematurely

parted

with its previous main sponsor

Tedi

on July 23

.

The contract with the discounter would have run until June 30, 2021, but has now been terminated prematurely.

Tedi replaced the betting company bet-at-home for the 2018/19 season.

Tesla: E-car pioneer is considered a possible successor to Tedi

According to reports, the retail chain is said to have paid around 7.5 million euros per season.

The capital club is now hoping for significantly higher income from a new shirt sponsor.

"We want to win an economically successful company with charisma," it says from Berlin.

Tesla

* and

Amazon

would meet these requirements, it is said.

A possible deal with

Amazon

or

Tesla

could

bring Hertha

up to 20 million euros a year into the coffers.

Tesla is building a new plant in Grünheide, Brandenburg, and is attacking the German automakers VW *, BMW and Mercedes-Benz head-on in their home market.

The club had already faced a change of sponsors in February.

However, the talks failed because of the turmoil surrounding the departure of the then Hertha coach

Jürgen Klinsmann

.

The demands at

Hertha BSC

have

increased significantly

with the entry of entrepreneur

Lars Windhorst

.

Windhorst's holding company

Tennor acquired

49.9 percent of Hertha BSC GmbH & Co. KGaA in 2019 for 224 million euros.

In the current year

Tennor

wants to

make

a total of 150 million euros and expand its stake to 66.6 percent.

In any case, Hertha doesn't have too much time left for the decision.

The new Bundesliga season starts on September 19th.

For the official start of training on July 28th, the blue-whites came in without a sponsor logo on their chest.

Nothing has changed about that so far.

At last!

🤩💙 It starts again! #Hahohe pic.twitter.com/4bAUHiGmq1

- Hertha BSC (@HerthaBSC) July 28, 2020

Update August 18, 11:14 a.m.

-

Elon Musk

(49) is currently on a run.

The

SpaceX

project was a globally recognized success,

Tesla

delivered its fourth quarterly profit in a row and then the e-car pioneer also announced a stock split, which has caused a sensation on the stock exchange ever since.

Tesla course at record level: Group boss Elon Musk getting richer

At the start of the week on Monday alone,

Tesla shares rose

by eleven percent to a new record of $ 1,835.

With a market value of the equivalent of 286 billion euros, the group is now worth more than the DAX companies

Siemens

,

Allianz

,

Deutsche Telekom

and

Infineon

combined.

The

Tesla

rally makes

Elon Musk

even

richer.

The price increase on Monday alone brought him an increase in assets of seven billion dollars to 83.6 billion dollars (net worth).

In the table of the super duper rich, Musk has now overtaken investor legend

Warren Buffett as well

.

However,

Buffett

had already put a large part of his assets into foundations in recent years.

Just over two weeks ago, the

investor,

also known as the Oracle of

Omaha, donated

shares in his investment holding company

Berkshire Hathaway

worth $ 2.9 billion to several foundations, including the

Bill & Melinda Gates Foundation

.

According to Berkshire,

Buffett

has

given away shares valued at $ 37 billion in the past few years.

Tesla price shoots up: With this step, CEO Elon Musk wants to make the share more attractive

Update from August 12, 9:31 a.m.:

The

Tesla share

is one of the absolute

high flyers

on the stock market this year.

While the vast majority of car manufacturers suffered heavy losses in the first half of 2020 due to the pandemic, the e-car pioneer is in the black.

In the second quarter, the Californian brought in an operating profit of 327 million dollars.

That was the fourth quarter in a row.

Investors have

celebrated

Tesla

stock accordingly.

The

Tesla rate has

almost tripled

since the beginning of the year

.

With a market capitalization of the equivalent of 227.1 billion euros, the company is worth more than twice as much on the stock exchange as the German car makers BMW, Daimler and Volkswagen combined.

Now

Tesla is

igniting

the next stage.

On Tuesday evening (August 11th) after the market closed, the Californians announced a 5: 1 stock split.

For each share, Tesla shareholders will receive four new shares as dividends.

The cut-off date for the stock split is August 21.

The new papers will be posted to the securities account on August 28th and traded from August 31st.

Looking up in Model Y pic.twitter.com/iAfpJ491Zz

- Tesla (@Tesla) August 6, 2020

Stock splits make share certificates look cheaper.

This increases the attractiveness.

Tesla

also relies on it

.

With the split, the share should be "more accessible for employees and investors," wrote the company in a press release.  

The announcement created a good mood among investors.

In Frankfurt, the share rose in early trading on Wednesday by almost five percent to around 1240 euros.

Tesla: After the plant in Germany - Elon Musk is already planning the next mega project

Update August 10, 3:10 p.m.

- The future location is expected to be in the north-east of the United States,

Tesla

CEO

Elon Musk

said

in a podcast from Automotive News.

Tesla is

currently building

a new plant in Grünheide near Berlin in Brandenburg, whose founder is also working on the merger between man and machine.

Another

gigafactory

is being built in Travis County near Austin in the US state of

Texas

.

In "probably four years" construction work on the next Gigafactory would begin, said Musk.

The group is currently building its cars in

Fremont

/ California and

Shanghai

.

There is also a battery plant in Reno / Nevada and a factory in Buffalo / New York.

Tesla mainly produces solar systems there.

In Grünheide, Tesla will initially manufacture the

Model 3

mid-range sedan

and the

Model Y

SUV

from July 2021

.

In the first expansion stage, 150,000 e-cars per year are to roll off the production line in the planned plant in Brandenburg.

Production is to be increased to 500,000 units later.

The plant should create around 10,500 jobs.

In addition, there are new jobs at the suppliers.

With the e-car pioneer, the trend is clearly upwards.

In the most recent quarter,

Tesla

posted a net profit of $ 104 million.

That was the fourth quarterly profit in a row.

Now the company is seen as a potential candidate for the

S & P500

.

It is considered to be one of the most important stock market indices in the world.

Elon Musk: Tesla boss with crazy conspiracy theory about pyramids - then he is ridiculed

Update from August 4th, 9.45am

: According to Musk, "apparently aliens built the pyramids," writes the Tesla founder and head of the space company SpaceX on Twitter.

Since then, the US billionaire's Twitter channel has been around.

Around 27,000 Twitter users had commented on the tweet by Tuesday morning, and almost 550,000 people liked the tweet.

Aliens built the pyramids obv

- Elon Musk (@elonmusk) July 31, 2020

The construction of the pyramids is actually scientifically somewhat clarified.

According to research, the tombs were completed around 2500 BC.

But the sheer dimensions of the pyramids at the gates of Cairo are still impressive today.

However, Musk's crude conspiracy theories weren't so well received by scientists.

The world-famous Egyptologist

Zahi Hawass

recorded a video and posted it on YouTube.

What Musk said about the pyramids is "hallucination".

The pyramids were built by Egyptians.

There is irrefutable evidence of this, such as inscriptions from the workers in the pyramids or in the graves of the construction workers, said Zahi Hawass.

Elon Musk: Egyptian minister wants to give billionaire tutoring lessons on site

The Egyptian minister Rania Al Mashat also turned to Musk.

The former tourism minister wrote on Twitter that he and his Space X team have been invited to see for themselves.

Musk is famous for tweets that are often not meant to be serious.

It was not until July 30 that the colorful Tesla founder had informed his followers about his relationship with Bill Gates.

The rumor that he and the Microsoft founder are lovers, "is completely untrue".  

Tesla: will Elon Musk soon become the highest-paid executive on the planet?

First report from July 13th:

Munich - Tesla boss

Elon Musk

should be in a really good mood at the moment. * At the beginning of July, the electric car pioneer delighted investors with unexpectedly good delivery figures - and thus further heated up the share price.

On Friday (July 10th) alone,

Tesla shares

climbed

10.8 percent to $ 1,549, marking a new all-time high.

On Monday the paper rose another eleven percent to $ 1,710.

This has been going on for months now.

Anyone who had the share in their custody account a year ago can look forward to a price gain of a good 550 percent.

The carmaker is now a real heavyweight on the stock market.

The company now has a market value of the equivalent of 245 billion euros.

For comparison: The three German car

manufacturers BMW

,

Daimler

and

Volkswagen

come together to just under 150 billion euros.

Tesla boss Elon Musk is getting richer

Tesla's rapid price increase not only brings investors massive price gains.

Group boss Elon Musk, who most recently made headlines around the world with his other company Space X, is also making the development richer.

Because if Tesla's stock market value stays above $ 150 billion on average over six months, the Tesla boss will receive additional

stock options

.

Stock options give the holder the right to buy shares at a previously determined price up to an agreed date.

Unlike most other corporate bosses, Musk only receives stock options instead of a regular salary.

Musk had already secured the first tranche in May when Tesla's stock market value exceeded $ 100 billion.

Now the second installment is within reach.

For this, the market value would have to remain above $ 150 billion by the end of July.

Hardly anyone doubts that.

According to the contract, the colorful entrepreneur is allowed to buy 1.69 million Tesla shares per tranche at a price of 350.02 dollars each.

At the current share price of 1549 dollars, there are currently around 1200 dollars in profit per share.

With 3.38 million shares that would correspond to a bonus of around four billion dollars.

Tesla: Elon Musk can win more billions in bonuses

But even that might just be the beginning.

Because after the option program decided by the Tesla shareholders in 2018, Musk can hope for a total of twelve tranches.

To do this, further key figures have to fall.

Musk can secure around 1.69 million additional stock options once Tesla's stock market value averages over the $ 200 billion threshold for six months.

In addition, bonuses beckon upon reaching annual sales of $ 30 billion or an operating profit of at least three billion dollars. 

Tesla Q2 2020 Vehicle Production & Deliveries |

Tesla, Inc. https://t.co/hgJDXLWmBg

- Tesla (@Tesla) July 2, 2020

Analysts easily trust the company to do that.

Just recently, for example, the Swiss bank

UBS raised

its estimate for Tesla sales in the current year by around three billion to 31 billion dollars.

The experts see the operating result of the long-loss-making e-car manufacturer above the $ 3 billion mark in the coming year.

Elon Musk is on his way to becoming the best-paid manager in history

If so, Musk could become the highest-paid manager in history.

He is already one of the richest people on the planet.

The 20.8 percent he holds in Tesla alone is currently worth a good 50 billion euros.

If everything is not wrong, there is still something on top.

In quick succession, the car giants BMW and Daimler present frightening numbers.

At electrical pioneer Tesla, however, things are going great.

Now Musk can look back on a successful mission for his space company SpaceX.

After more than two months in the ISS, two NASA astronauts safely returned to earth in the "Endeavor" capsule.

(Utz) * Merkur.de is part of the Ippen-Digital network

Source: merkur

All news articles on 2020-09-03

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