Investor That Can See The Future

Chapter 327

[(Breaking News) Nicolas court management application!][Nikola kicked out of the electric car throne][Model TM reservation cancellation continues… … ][Nicola’s revival possibility?][Are you going to get funding from the US government?]

The news that Nikola went into court has shocked not only the automobile industry, but also the world.

What was once regarded as the most innovative company has collapsed in an instant.

The automobile is an industry with a large number of employees and a large rear industry. Therefore, when a crisis arises, any government will provide support.

During the financial crisis, the U.S. bailed out GM and Ford, for example.

Nikola has a small number of production units, so the number of employees is also small. Still, the number of employees reached 40,000, and they have enormous production facilities.

The largest among them is a battery factory equipment plant jointly invested with Technics. When completed, the expected production capacity was equivalent to the global production of lithium-ion batteries.

Originally, it was planned to increase the competitiveness of electric vehicles by significantly lowering the battery price through mass production, and to sell the surplus batteries to other automakers. However, after TS Company began mass production of OTK batteries, the plan went completely wrong.

Taegyu said.

“If the market cap is only $12 billion, can’t we just buy it? I can only invest the money I stole in Japan.”

“You have to add debt to that.”

Acquiring a company means taking on debt as well.

A total of $13.8 billion in bonds issued by Nikola. Of this, $400 million has already expired, and an additional $1.2 billion has to be repaid within six months.

Nicolas has never been profitable since its inception and has continued to raise funds from outside sources. In particular, in recent years, bond issuance was much higher than issuance of new shares.

The more bonds are issued, the higher the interest rate. Due to the continuous issuance of corporate bonds, the yield on the three-year bond soared to a high of 7.3 percent. This is equivalent to a junk bond, and in fact, credit rating agencies have given it a CCC rating.

Nevertheless, corporate bonds sold stellarly. It was because he could receive five or six times the market interest rate, and he had a rosy outlook for Nikola.

As the market capitalization also continued to rise, the belief that there would be no failure to repay the bonds was broken by everyone.

But after Big One, Nikola began to stumble, and corporate bonds were traded below par. In the end, when bonds that had returned to maturity could not be repaid, the price of corporate bonds plummeted to less than half in an instant.

Allen Eberhart went directly to the creditors, explained the situation, and asked for consent for a roll over.

With no way to get a refund right now, major creditors were forced to weep and agree to mustard.

Most investors and experts viewed Nikola’s recovery as low.

Model TM is lagging behind AD3 and AD4. NCM batteries have become an outdated technology after the advent of OTK batteries.

Everyone said that the way Nikola could survive would have to sell unnecessary assets and partner with Karos, like GM and Ford.

Nikola’s autonomous driving and battery technology have already become obsolete. The charging infrastructure will be useful though… … That is something we can do with only the capital and technology we have.

In the meantime, Allen Eberhart has denigrated Karos’s skills and swears at me. It was a check against the emergence of a strong competitor. But now, in order to save the company, I have to run around to get money.

When you see this, you realize that there are no permanent winners and no permanent losers in the market. There is no way to keep doing well just because you did well once.

If Nikola really goes bankrupt, the aftermath will be formidable, but the big three will be able to handle it. The sale of core technologies to foreign countries should be prevented.

Investors floundered, and financial institutions that had bought Nikola’s corporate bonds pondered whether to treat it as insolvent or not.

I said muttering.

“What would have happened if I hadn’t invested in Karos?”

“If that was the case, Karos would have gone out of business sooner, and Nikola would have been doing very well now.”

“Is that so too?”

Come to think of it, a lot has changed because of me.

What kind of repercussions will this have in the future?

* * *

After ending the trade dispute with China, Ronald rallied and negotiated trade with Canada and Mexico.

The two countries are the second and third largest trading partners of the United States.

Both Canada and Mexico, seeing China robbed, accepted most of the US’s demands and signed an agreement. And the next target is Japan, the fourth largest trading partner.

Ronald pressured Japan, saying that the previous government tolerated a lower yen and that the trade deficit with Japan grew, which caused the collapse of American manufacturing.

There are two main requirements. One is to stop the yen through quantitative easing, and the other is to resolve the trade deficit. If they do not respond, they threaten to designate Japan as a currency manipulator.

Japan has expressed its intention to make concessions as much as possible in the product sector, but the US insisted that the US should also put on the negotiating table in areas to which the US is advantageous, such as finance, services, and intellectual property rights.

Japan is such a special market that it can be called Zalapagos. This is also true for automobiles, so the non-tariff barriers to trade are greater than tariffs. Looking at the specifications of the compact car, it was difficult for anyone except Japanese automakers to meet them.

Ronald was thinking of removing the non-tariff trade barriers altogether, and Japan hastily formed a negotiating team to appease the United States.

As Japan is expected to stop QE and raise interest rates, the yen continued to rise, while the Nikkei fell day after day.

It took less than a month for the yen, which had been dropped over the years since Okazaki took office, returned to its original position. It was a steep rise that reminded me of the nightmare of the Plaza Accord.

After finishing her work, Ellie came right over to our building.

After we started living together, we went to and from work together when the time was right. The dating rumors (?) had already spread, and the fact that they were living together soon became known through the media.

Now that we don’t have to look at other people, we enjoyed dating comfortably. Wherever they went, the giraffes followed.

I said to Taek-gyu.

“Let’s go have dinner together.”

“No, I have an appointment.”

“Appointment? with who?”

“Hayoung decided to meet today.”

“Oh, I see you today.”

“See you later at home.”

When Taek-gyu left first, Ellie quickly asked.

“Are you two going well?”

“Aren’t we supposed to meet each other because we are interested?”

Eli rejoiced as if it was her job.

“Good for you. Taek-gyu should find a good woman soon.”

“After that, it seems that I keep in touch with Yang Hana as well.”

“Ah! Are you the granddaughter of the CL group chairman?”

“Yes.”

According to Sangyeop senior, she says that she is not the only woman in the business world who is interested in Oh Taek-gyu. To exaggerate a bit, there is a line.

A very popular otaku.

Ellie asked.

“What do you want for dinner?”

“I do not know. blood… … .”

Ellie smiled and said.

“If you talk about fish and chips, I will kill you.”

“… … How are you sleeping? I heard that Sangyeop is in a good place in Apgujeong.”

FYI, she says the pizza shop also sells fish and chips. Can’t we say this now?

* * *

Several months have passed since the end of the Jeil Gold Coin crisis, which caused a stir in Korea. Ham Sun-pyo and Choi Nam-woo, who were the main culprits, are being tried under arrest, and all other chiefs have been arrested.

However, this does not mean that the coin multi-level has completely disappeared. It’s not as big as Jeil Gold Coin, but if you can forget it, it happened one by one.

Looking at this, Korea deserves to be called a coin heaven or a multi-level heaven.

Anyway, thanks to Taek-gyu, Min Ha-young, who escaped from the Dungeon of Multi-level (?), worked hard to draw a webtoon again.

It is a great fortune to be able to draw a webtoon based on the world-famous worldview of a game. Because it can attract game users as readers.

But that doesn’t necessarily guarantee success.

The drawing was definitely good, but the problem was the story. Taek-gyu clearly understands the lost fantasy worldview and knows how to attract readers’ attention.

Taek-gyu met Ha-young Min on a regular basis to give her advice, and she listened carefully and checked her corrections.

After work was over, the two went to a nearby pub for dinner and drinks.

“The friend I live with started living with her lover not long ago.”

“Then don’t you feel uncomfortable?”

“What?”

“If we live in the same house, won’t we see each other often? The bathroom and sharing of housework are also a problem.”

Taehyung shook his head.

“It is not. There are separate rooms on the 1st and 2nd floors, and one toilet is left over per person. There are other ladies who do the housework.”

“… … .”

Min Ha-young was at a loss for words.

‘Where are you living? Do you live in any mansion?’

After all, you can easily put in and take out 10 billion won in your bank account. And I know the president of Bansomem and OTK Games officials.

She was curious about what she was doing, so I asked her a few times, but she said she just found out about it because her friend was in business, and she didn’t go into details.

At that moment, Taek-gyu’s cell phone placed on the table rang. Min Ha-young took a peek and saw the name ‘Hana’ floating around.

“one? Who is the one?”

“Huh. She said that she was a sheep, and we met for a while, but since then, I have contacted her occasionally.

Is she contacting a woman she met briefly?

“Really? Take a look.”

Taek-gyu showed his cell phone.

[Are you very busy these days? cheer up! I will support you!][I got a new haircut, what do you think?][The fine dust is bad today, so be sure to bring a mask when you go out~][Chef Shin Chan-ho, who was at the Dragon Carlton Hotel, said that he opened a new sushi restaurant in Dosan Park. When I have time later, let’s go eat together][This time, my father bought me a new car. But he’s not good at driving, so it’s a big deal ㅜㅜ It would be nice if someone could teach him… … ](Read more @ wuxiax.com)

It was mainly sent from the female side first, and Taek-gyu gave a brief reply.

He occasionally sent me a picture. When she opened it, she was so beautiful that she could be admired. She has a small, slender face and distinct features. Her skin was white and clean with no blemishes. She is incomparable to any other idol or actress.

Besides, her clothes, accessories, bags, etc. are all luxury items, and even the car that her father bought is a Bentley!

Looking at the message, she seems to be contacting the woman to meet her unilaterally.

‘Why is this woman doing this to Taek-gyu?’

No matter how you think about it, it doesn’t make sense. However, she suddenly thought that she had seen the photos on social media or something.

‘awhile. surely… … ?’

As she knew, Taek-gyu used two or three of her phones. It’s easy to pretend she’s contacting a girl by sending her messages on another phone.

Min Ha-young smiled bitterly.

‘Are you doing this to pretend to be popular with women in front of me?’

Taek-gyu asked as if he did not understand English.

“Why are you laughing?”

“No, nothing.”

‘what? what you’re doing is cute Did you just say that you like it?’

At that moment, a male voice came from behind.

“uh! Aren’t you Min Ha-young?”

Turning her head, she saw a young man in his twenties, tall and handsome with a pretty face. She was neatly dressed in a suit, with a briefcase in her hands.

Min Ha-young looked at her opponent’s face and she was startled.

“Kwak Do-hoon?”

She was none other than a high school classmate in her second year of class.

“Hey! We all meet here.”

Kwak Do-hoon, who was happy, was surprised to see Taek-gyu sitting across from him.

“uh! Are you an otaku? No, Taek-gyu Oh.”

“Yes. long time no see.”

Taek-gyu greeted him with a shaky expression. I didn’t have good memories with Kwak Do-hoon. He wasn’t assaulted or severely harassed, but it seems he was just moderately ignored and moderately teased.

‘I think I bought some bread at the kiosk.’

At that time, whether he remembers things or not, Kwak Do-hoon said with pleasure.

“Hey! you lost a lot of weight I almost didn’t know When I was in high school, I was a pig with acne. Now it’s okay to remove acne and pigs from no-go. Are you still going crazy these days?”