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TESLA INC.

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Tesla : Why accept Chinese digital green cards?

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05/16/2019 | 10:13am EDT

What happens when we embrace our failures? The aviation industry and the Chinese government know better.

When failures are embraced, growth mindset is born. Why not? Look at what black box has done to the aviation industry; all their accidents have a cause and that cause once embraced and fixed for good, such a failure will never be repeated.

Look at other industries; doctors are sued for their mistakes; they even take an oath so that they can be sued. That’s fixed mindset. No wonder, mistakes done 30 years ago are still recurring in our hospitals, factories, schools, offices, etc. That’s a way of life.

We need black box thinking. The Chinese government is one step ahead in black box thinking.

There is something different happening as we speak. In the auto industry, there is a crazy entrepreneur whose vision has never been taken seriously in the West.

However, the Chinese people have embraced both his craziness and failures. Interestingly, a baby known as Tesla Gigafactory 3 was born when Elon Musk’s vision was taken seriously by the Chinese.

Those who are saying that Tesla’s Gigafactory 3 construction in China is speedy; do not know anything about insanity. Actually, that’s a gross understatement. By visiting Shanghai’s Lingang Industrial Area where Gigafactory 3 is under construction, the transformed muddy field about 865,000 square metres has given shape to a massive EV factory.

In early March, it was said that Gigafactory 3 initial buildout should be done by May 2019. That timeframe was insane.

However, it seems that the project is on track. And Tesla could start pilot production by September 2019, something which is outstandingly ahead of Elon Musk’s own insane estimate; which was by the end of 2019.

It’s likely that Gigafactory 3 will set a record for fastest factory construction in China. How is this possible?

The insane timeframe is truly optimistic and ambitious. It has had faced relentless skepticism everywhere else except China.

Fortunately, a Chinese construction partner saw its feasibility and ensured it’s happenstance by necessarily doing everything possible specifically adopting a 24/7 work schedule.

Elon Musk and his Tesla brand have always faced unfair opposition in almost every product brought to the market.

This is unbelievable pace of Gigafactory 3’s construction, with a volume production goal in the 4th quarter of 2019.

In reality, it’s about time for Elon Musk’s shared vision to be embraced without any unnecessary drama.

The Chinese people and their workforce provided no controversies when Elon Musk shared his electric car production vision. Their black box thinking has made them beat Elon’s insane timeframe as they will commence their pilot production earlier than his end of the 2019 estimation.

If there is a lesson from Gigafactory 3, it’s that people with vision like Tesla founder could accomplish great things if their visions are embraced and supported.

And it happens only when such visionary opportunities are spotted. This is something that Chinese have learned to see using black box thinking. No wonder the Chinese government is going the extra mile.

The Chinese Prime Minister Li Keqiang gave Elon Musk a “Digital Chinese Green Card’ so that he can create more opportunities to Chinese people.

Lastly, according to Tesla artificial intelligence (AI) director Andrej Karpathy, we are entering “Software version 2.0,” where neural networks write the code while people’s main responsibilities are defining tasks, collecting data, and building the user interfaces. However, not all tasks can be handled by neural networks for now.

Hence, the traditional software development cycle, partially still has a role to play.

(c) Mwananchi Communications 2019. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (USD)
Sales 2019 24 602 M
EBIT 2019 -560 M
Net income 2019 -1 278 M
Debt 2019 8 033 M
Yield 2019 -
P/E ratio 2019 -34,3x
P/E ratio 2020 618x
EV / Sales2019 2,19x
EV / Sales2020 1,78x
Capitalization 45 781 M
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Mean consensus HOLD
Number of Analysts 34
Average target price 266,13  $
Last Close Price 255,58  $
Spread / Highest target 107%
Spread / Average Target 4,13%
Spread / Lowest Target -45,2%
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Elon Reeve Musk Chief Executive Officer & Director
Robyn M. Denholm Chairman
Zachary Kirkhorn Chief Financial Officer
Jeffrey B. Straubel Chief Technology Officer
Kimbal Musk Director
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