The first tranche, 100,000 shares, was sold at 315.70 US Dollar.
The second transaction, 150,000 shares, was sold at 315.85 US Dollar.
The third transaction, 250,000 shares, was sold at 316.10 US Dollar.
500,000 shares, average price 315.95 US Dollar, total cost 158 million US Dollar.
After Buying Pressure entered the market, the stock price of Tesla began to rise slowly.
From the closing price of 315.58 US Dollar, to 316.50 US Dollar, to 317.20 US Dollar.
The volume is not large, but the momentum is very stable.
Chen Xi stared at the screen, his fingers on the keyboard ready for action.
Zhao Chen stood behind her, watching the stock price go up bit by bit.
"That's it for tonight." Zhao Chen said, "500,000 shares is enough. Let the market digest it."
Chen Xi breathed a sigh of relief and closed the computer.
Su Wantang asked from the side, "We have pushed the stock price up by almost two US Dollar. If we continue to buy it tomorrow, the cost will be higher."
Zhao Chen nodded:
"That's why Options is important. Every time we buy a share of Common Stock, the stock price rises by one US Dollar, and the 5 million shares of Options in our hands will earn an additional 5 million US Dollar."
This hedging can dilute the cost of Common Stock a lot."
He looked at the time - Beijing time at 11:30 p. m.
US Stocks is still trading, but their operation has ended.
"That's it for tonight. Continue tomorrow."
In the following week, Chen Xi bought 500,000 to 800,000 shares of Tesla Common Stock every day as planned, in batches and in small orders, trying not to attract market attention.
But Buying Pressure is Buying Pressure. After a week of net buying, coupled with the establishment of the Options position, some people in the market began to notice this continuous capital inflow.
On January 8, 600,000 shares were purchased, with an average price of 316.80 US Dollar.
On January 9, 750,000 shares were purchased, with an average price of 318.20 US Dollar.
On January 10, 800,000 shares were purchased, with an average price of 319.50 US Dollar.
On January 11, 700,000 shares were purchased, with an average price of 321.00 US Dollar.
On January 12, 650,000 shares were purchased, with an average price of 322.30 US Dollar.
A total of 3.5 million shares were purchased in the five days, plus the 500,000 shares on the first day, Common Stock's total position reached 4 million shares, with an average price of 319.20 US Dollar and a total cost of 1.277 billion US Dollar.
The stock price of Tesla rose from 315.58 US Dollar to 323.50 US Dollar.
At the same time, the value of Options is also rising.
For contracts expiring in September, Strike Price 290 US Dollar, Premium rose from 31.20 US Dollar to 36.80 US Dollar.
5 million shares of Options and Unrealized Paper Profit are already close to 28 million US Dollar.
Common Stock plus Options, Tesla Risk Exposure controlled by Henglong reached 9 million shares--
Common Stock has 4 million shares and Options has 5 million shares. Accounting for 5.36% of the total share capital of Tesla.
This ratio has exceeded the 5% disclosure red line.
After the transaction ended on January 12, Zhao Chen said to Chen Xi, "Suspend buying. Deal with disclosure matters first."
Chen Xi asked, "Is it going to be disclosed?"
Zhao Chen nodded. "It's more than 5%. According to United States Securities Law's regulations, Schedule 13G needs to be submitted to the SEC within 10 days. Let Aunt Zhang prepare the materials."
He paused and then said, "After the disclosure, the market knew that someone was continuing to buy Tesla.
By then the stock price may accelerate and our costs will be higher."
Chen Xi asked, "What should we do?"
Zhao Chen thought for a while, "Before the disclosure, buy the last batch of 1 million shares. Complete it before the 13G is submitted."
The last batch of buying arrangements is at the end of Friday on January 12th--
In the last ten minutes before the market closed, Chen Xi bought the last 1 million shares of Tesla at an average price of 322.80 US Dollar.
Common Stock's total holdings reached 5 million shares, the average price was 319.50 US Dollar, and the total cost was 1.5975 billion US Dollar.
Options position remains unchanged, 5 million shares.
A total of Risk Exposure 10 million shares, accounting for 5.95% of the total share capital of Tesla.
Monday, January 15th.
United States SEC official website announced Schedule 13G on time at 8:30 am Eastern Time.
The name Times Pioneer Capital -- Times Pioneer Capital -- appears for the first time on Tesla's shareholder list.
The shareholding ratio of 5.95% means that this investment institution from China has become the third Major Shareholder of Tesla, second only to Elon Musk and Baillie Gifford.
The moment the news came out, the stock price of Tesla instantly jumped 3% before the market opened.
From the closing price of 323.50 US Dollar on Friday, it rushed directly to 333 US Dollar.
Chen Xi stared at the screen, his fingers hovering above the keyboard. "Zhao Zong, it really went up."
Zhao Chen sat behind her, holding Su Wantang's cup of Longjing with a calm expression:
"It's normal. The market needs to digest this news. Let them speculate for two days, and we won't move."
Su Wantang stood aside and looked at the numbers jumping on the screen. "What will happen next?"
Zhao Chen took a sip of tea. "Stop buying if it exceeds 330 US Dollar."
Entering Wall Street for the first time, he must be cautious.
One hour after the market opened, the stock price of Tesla fluctuated around 333 US Dollar, and Trading Volume was three times larger than usual.
But what really excited the market was not the stock price itself, but the mysterious Eastern buyer.
On Bloomberg's terminal, a news alert was pushed to the homepage:
"The mysterious China fund became Tesla and the third Major Shareholder, holding 5.95% of the shares."
CNBC's financial program devoted a five-minute special discussion during its lunch hour.
Host Carl Quintanilla's opening remarks were straightforward:
"A China fund that we had never heard of suddenly became Tesla's third Major Shareholder.
Times Pioneer Capital--Times Pioneer Capital. Who are they? What do they want to do?"
Goldman Sachs analyst David Tamberrino gave his judgment in the connection:
"Judging from the information disclosed by Schedule 13G, this Times Pioneer Capital is an investment fund registered at Cayman Islands.
They had no history of investing in technology stocks before. This investment was very sudden and very aggressive."
Another guest, former SEC Enforcement Division lawyer John Reed Stark, raised a more sensitive question:
"A fund registered at Cayman Islands suddenly spent nearly 2 billion US Dollar to buy Tesla stocks.
This timing is very delicate - Sino-US trade relations are in a sensitive period.
I can't help but wonder, is there any government influence behind this investment?"
This guess is like a pebble thrown into a calm lake, the ripples spread quickly.
At two o'clock in the afternoon, an in-depth analysis was published on the Wall Street Journal's website, with the title:
"Tesla's new shareholder: Is it an investor or an agent?"
The article details the background of Times Pioneer Capital - it is registered at Cayman Islands, the headquarters address points to an office building in Central, Hong Kong, and the actual controller's information is unknown.
The article particularly emphasizes the mystery of this investment:
"A fund with no investment record suddenly took out nearly 2 billion US Dollar and took a heavy position Tesla.
It's hard not to think of this kind of speed and this amount of money."
Although the article does not directly mention "government background," every word guides readers in that direction.
Zhao Chen was having lunch in the office when I saw this article.
Chen Xi sent him the link. He only glanced at the title and put down the phone.
"Eat your food." He said to Chen Xi.
Chen Xi looked at him, a little uneasy. "Zhao Zong, they said you have a government background..."
Zhao Chen put a piece of braised pork into his mouth and chewed it slowly:
"Let them guess. The more outrageous the guess, the safer we are."
Su Wantang sat opposite and said softly:
"But if public opinion continues to ferment, the SEC may intervene in the investigation."
Zhao Chen nodded. "I know. So we are waiting."
"What are you waiting for?"
Zhao Chen put down his chopsticks and looked at her. "Waiting for the SEC's reaction or other changes."
He did not explain the meaning of this sentence.
At three o'clock in the afternoon, things took an unexpected turn.