The Age of the Electric Vehicle is upon us in case you have been asleep, Rip Van Tesla.
EV is no longer a novelty racket run by a guy with a joint in his hand named Elon Musk and Tesla. Everybody is getting in the game.
Ford Motor Company, founded in 1903 in Detroit, Michigan by Henry Ford, is in the game. Continue reading
We are on the verge of great changes in the EV space. More car manufacturers are delivering actual units, more charging stations, and older vehicles are getting enough miles to smoke out the idiosyncrasies of EVs.
Mercedes Benz concept car the Vision EQXX that will be able to run 650 miles between charges. Game changer?
Yawn! You knew it was going to happen. It was always in the cards and now the hand is dealt. Cards are face up.
First, the Gigafactory for the new Tesla pickup and now this. A couple of other Musk companies along the way.
Austin By God Texas is to be the new home of the Tesla headquarters according to the man himself, Elon Musk — who also moved to Austin earlier last year.
Austin By God Texas, where the world is moving. No income tax, y’all.
But, hey, what the Hell do I really know anyway? I’m just a Big Red Car.
Austin and Elon Musk, a match made in Texas. Thanks, California.
Business environments are impacted by laws, regulation, and leadership. This happens at the state level.
The business environment in, say, New York and California is different than the business environment in Texas.
COVID and the pressure upon Governors — the CEOs of their states — to steward the business environment in their states whilst simultaneously dealing with the pandemic has accentuated differences in state leadership and regulation.
These differences have triggered meaningful mobility amongst companies and investors.
Today, two things happened:
1. Apple split its stock in a 4:1 ratio.
You owned a single share of Apple yesterday at $500. Today, you own 4 shares at an initial value of $125.
2. Tesla split its stock in a 5:1 split.
Yesterday, you owned a single share of Tesla valued at $2,200 and today, you will own 5 shares valued at $440/each.
Old news already here in the People’s Republic of Austin, but maybe you haven’t heard: Elon Musk has picked Austin By God Texas for the next Gigafactory at which to build the new Tesla Truck.
Hook ’em, Tesla!
Elon had NOT been smoking anything when he made the announcement and he thanked Tulsa, Oklahoma for making a pitch to keep the Austin pitch real.
I am a huge fan of the core businessman Elon Musk. Not so much on him personally. Very skeptical on Tesla.
Having said that, I rise to applaud Elon Musk (I was going to call him “Elon” like he and I are pals, but we’re not) for being quick on the draw as it relates to using the current uptick in Tesla stock as a means to raise additional capital in a secondary offering.
I am a huge fan of the Tesla story — brash entrepreneur starts electric car company.
The story is four fold:
1. Car — great car
2. Elon Musk — irrepressible entrepreneur
3. Disruption of, perhaps, the most well-organized and entrenched industry
4. The stock, TSLA
Today, we talk about the stock. You will recall some time ago Elon Musk got in trouble for whispering he had backing to take the company private at $420/share. Several million dollars later, a few US Securities and Exchange Commission scoldings, a bit of public humiliation, the story came to be — well maybe Elon Musk didn’t have the requisite backing.
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