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.
