Jia Yueting sold the car factory and cashed out 86 million
Yesterday, Jia Yueting made an astonishing decision to buy the only car-making factory and cash out 86 million in cash in an instant. Would you think he wanted to leave the scene?Then you underestimate this Boss Jia. As soon as the cash arrived, he rented the factory back from the buyer.
In his words, he just changed landlords and the factory was still up and running. With such an operation, 86 million easily went into his pocket, and more importantly, it did not affect him from continuing to draw a blueprint for a better future for everyone, and overloaded the CPU of foreigners.
In order to soothe the victim's emotions, Boss Jia also announced a good news in the financial statements. Faraday Future sales hit an all-time high in the third quarter, with four units sold. So far, the total sales have reached a staggering 7 units, with a total amount of 5.51 million US dollars, which is really gratifying!
Hearing this news, I am sincerely happy for Boss Jia's investors. However, when I looked deeper into his third-quarter earnings report, I was lost in thought. Four cars were sold in a quarter, but they lost $5.6 billion, which means that the manufacturing cost of each car is as high as $1.4 billion, and that's just one quarter's data.
If we stretch the timeline and look back at Faraday's development in the next 10 years, more than 20 billion have been burned so far. Suppose that if Boss Jia announces that he will not play now, the 20 billion will only be exchanged for 7 cars, and one of them will be bought by himself, then the cost of each car will be 2.8 billion.
One thing that puzzles me is why at this point, there are still people who are willing to believe Boss Jia and continue to send him moneyWhat are they trying to do?