Reaching the age of thirty, my income randomly doubled-Chapter 810 - 615: Large-Scale Investment
Chapter 810 -615: Large-Scale Investment
The economy isn’t doing so well, and investments have decreased across various regions.
This has been the apparent economic status since 2020.
But all of this seems unrelated to Tengying Group; in May alone, it announced two massive projects worth tens of billions.
These are technological megaprojects worth over 20 billion each, and nobody is happier about this than Golden Mountain.
Chen Pingsheng’s planning remains clear as ever—he intends to wrap up all planned investments for this year.
There won’t be any major projects over the next two years, and he doesn’t plan to reduce his Tesla holdings before the end of this year.
The remaining proportion he holds now is only 1%.
He’s expected to cash out in 2021 to fully meet Tengfei New Energy’s funding needs for that year.
With Tesla’s current market value, by 2021, he should be able to liquidate roughly $6-7 billion USD.
With this amount in hand, Tengfei New Energy will still have a comfortable year ahead.
Since earlier this year, he’s significantly ramped up his investments in the tech sector—injecting a total of 70 billion over various rounds.
In terms of capital input alone, he’s undoubtedly leading the way, and the results are highly likely to be outstanding.
You can’t help but feel the anticipation.
As for the NVIDIA shares he holds, he doesn’t plan to cash out for two or even three years.
Artificial intelligence is far from reaching its peak; it’s still in its takeoff phase.
Selling at this stage would undoubtedly minimize potential revenue.
Whether the next few years will be prosperous depends entirely on NVIDIA’s growth trajectory.
Currently, its market value hovers around $510 billion USD, and his stake is 5%.
His shares alone are worth roughly $25 billion USD.
Even if it doesn’t grow any further, this capital will be enough to push his tech sector investments significantly forward.
At the very least, it ensures Tengfei New Energy turns a profit and achieves a successful listing without any issues.
As for the artificial intelligence sector, that’s another story entirely.
AI Autonomous Driving, which has been in development for five years, is certainly on solid ground.
By June, Chen Pingsheng met with the Jinshan District Chief at a pavilion in Golden Mountain.
Thanks to Tengying Group’s heavy investments in Jinshan over the past two years—especially its bold move to invest hundreds of billions during tough times—he established a national-level AI tech industrial park.
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This longtime Jinshan District Chief finally got promoted.
He jumped straight into the role of Deputy Mayor of Magic City, which is no small feat—this promotion is critical for him.
Before his promotion, he had a private conversation with Chen Pingsheng for quite a while.
Nobody knows what they discussed, but Chen Pingsheng consistently had Xiao Ya by his side.
The significance of this is self-evident.
Being Deputy Mayor of Magic City is undoubtedly a high-ranking position, but it’s unclear which specific sector he’ll oversee post-promotion.
Transportation, finance, education, taxation, development planning, healthcare, or perhaps urban development or the tech district?
The work involved is exceedingly intricate and complex.
The exact sector under his jurisdiction will only become clear once he officially takes office.
Chen Pingsheng definitely can’t manage these aspects; all he can do is focus on his own work while maintaining good relationships.
In the future, if there’s a need, he’ll assist accordingly, depending on circumstances.
After their conversation wrapped up, Chen Pingsheng returned to Golden Mountain headquarters.
In just half a month, Old Chen’s family will finally relocate to their new home.
The Jinshan Super Villa, which they’ve been constructing for years, is finally ready for habitation.
Chang Fu quickly came over to meet him; these days, he’s living a carefree life, running a small business in traditional Chinese medicine and therapy, enjoying leisure daily.
He’s more or less preparing for retirement—his typical activity is swinging by Gao Hu’s place to see how his influencer marketing efforts are going.
“Old Chen, I’ve got to say, you really don’t mind throwing cash at NVIDIA. Aren’t you afraid its stock might dip?”
Old Chen, who’s got his family business soaring and his investments going smoothly,
has earned no less than $25 billion USD just from Tesla shares alone.
What kind of concept is that?
That’s like earning the equivalent of an entire Haidilao company—on a whole-market valuation basis.
Haidilao, being the leader in domestic restaurant stocks, has a market value of about 200 billion RMB this year.
Old Chen has made cash profits of $25 billion USD from Tesla alone.
It’s utterly staggering.
Chang Fu wanted to learn stock investing from him. Even though Yang Qian had urged him earlier to follow Old Chen and buy NVIDIA stocks,
he hesitated because of its $150 billion USD market valuation and didn’t buy in.
He felt it was already too high—that at most, it might grow to a little over $200 billion USD.
He kept asking himself, “How much could I really earn if I got in now?”
Who knew, within just two years, it skyrocketed to over $500 billion USD.
And despite this rise, in mid-May, Old Chen still invested $28 billion USD to increase his stake.
Can something valued at $500 billion USD still rise further?
Chang Fu expressed serious doubts.
He still has a bit of cash and has invested in several domestic publicly listed companies.
He’s made some earnings here and there—last year’s percentage increase was around 15%, which is pretty good.
But comparing himself to Old Chen’s Tesla investments, it’s like he earned nothing in comparison.
“Investing can’t always guarantee profits—it’s just that long-term strategies need to align with trends and the right timing.”
Chen Pingsheng said: “Back in 2016, I already knew new energy was the trend; for four consecutive years, I kept increasing my Tesla holdings. And not just Tesla—domestic companies like BYD, I invested in all of them. The results have shown that the new-energy sector is definitely viable; the trajectory has been growth across the board.”
“Last month, I attended two global economic conferences overseas. During the meetings, artificial intelligence was mentioned the most. There’s no doubt that the future belongs to AI.”
“NVIDIA may seem overly expensive now, but you need to realize it’s the company with the highest potential within the AI sector. Do you have any idea what that means?”
Chang Fu laughed bitterly: “My wife kept telling me to follow your lead and invest, and you’ve been talking about the rise of the new-energy sector for years. I just couldn’t bring myself to throw my money in.”
“Don’t regret it—until the moment you cash out, no one can truly predict the future.”
Chen Pingsheng added: “That being said, I’ve indeed made quite a bit from Tesla.”
From this stock alone, he’s earned over $20 billion USD.
NVIDIA, where he’s invested more than $60 billion USD,
is still unsettled until a successful cash-out occurs—who can predict the returns?
Chang Fu can only look at Old Chen’s massive earnings with envy, jealousy, and even a sting of heartache.
His wife, Song Yanxi, had long urged everyone to direct their funds toward the new-energy sector. Plenty of relatives took Old Chen’s advice and invested in Tesla,
and they inevitably made money—it’s just a matter of how much.
Stock trading is inherently risky; the profits he made resulted from numerous analysts assisting him.
Chang Fu’s smaller earnings stem from his tendency to chase insider tips.
Today, he hears one piece of inside information and buys a bit, and tomorrow, he hears another and buys again.
At the end of the year, it’s all just mediocre gains—nothing compared to Chen Pingsheng’s long-term holdings.
Once Chen picks a stock, he usually holds it for four to five years,
selling quickly only occasionally, like shorting the market.
Last year, for instance, when Tesla’s stock price hit rock bottom, he invested a few billion.
Within a year, it rose over thirtyfold, and he cashed out when it reached twentyfold.
He mainly sold early because he didn’t trust Tesla’s CEO to be reliable.
Chang Fu also profited significantly from this stock due to Chen’s guidance, earning decent returns in last year’s market.
Otherwise, with his so-called insider information, it’d be hard to make any substantial profit.
It’s like he hears insider tips even at foot spas—nobody else can compete with this.
The amount of insider information is just too much.
