PSPINC CEO Kenichi Uchikura's Blog

My New Ride has Arrived

8月

9日

My new ride has arrived just now.
I will see if I can commute on it.

Following email was posted on TESLA website ... What do you think?
It is very similar to Michael Dell taking Dell to Private.

https://www.tesla.com/blog/taking-tesla-private

August 7, 2018
The following email was sent to Tesla employees today:

Earlier today, I announced that I’m considering taking Tesla private at a price of $420/share. I wanted to let you know my rationale for this, and why I think this is the best path forward.

First, a final decision has not yet been made, but the reason for doing this is all about creating the environment for Tesla to operate best. As a public company, we are subject to wild swings in our stock price that can be a major distraction for everyone working at Tesla, all of whom are shareholders. Being public also subjects us to the quarterly earnings cycle that puts enormous pressure on Tesla to make decisions that may be right for a given quarter, but not necessarily right for the long-term. Finally, as the most shorted stock in the history of the stock market, being public means that there are large numbers of people who have the incentive to attack the company.

I fundamentally believe that we are at our best when everyone is focused on executing, when we can remain focused on our long-term mission, and when there are not perverse incentives for people to try to harm what we’re all trying to achieve.

This is especially true for a company like Tesla that has a long-term, forward-looking mission. SpaceX is a perfect example: it is far more operationally efficient, and that is largely due to the fact that it is privately held. This is not to say that it will make sense for Tesla to be private over the long-term. In the future, once Tesla enters a phase of slower, more predictable growth, it will likely make sense to return to the public markets.

Here’s what I envision being private would mean for all shareholders, including all of our employees.

First, I would like to structure this so that all shareholders have a choice. Either they can stay investors in a private Tesla or they can be bought out at $420 per share, which is a 20% premium over the stock price following our Q2 earnings call (which had already increased by 16%). My hope is for all shareholders to remain, but if they prefer to be bought out, then this would enable that to happen at a nice premium.

Second, my intention is for all Tesla employees to remain shareholders of the company, just as is the case at SpaceX. If we were to go private, employees would still be able to periodically sell their shares and exercise their options. This would enable you to still share in the growing value of the company that you have all worked so hard to build over time.

Third, the intention is not to merge SpaceX and Tesla. They would continue to have separate ownership and governance structures. However, the structure envisioned for Tesla is similar in many ways to the SpaceX structure: external shareholders and employee shareholders have an opportunity to sell or buy approximately every six months.

Finally, this has nothing to do with accumulating control for myself. I own about 20% of the company now, and I don’t envision that being substantially different after any deal is completed.

Basically, I’m trying to accomplish an outcome where Tesla can operate at its best, free from as much distraction and short-term thinking as possible, and where there is as little change for all of our investors, including all of our employees, as possible.

This proposal to go private would ultimately be finalized through a vote of our shareholders. If the process ends the way I expect it will, a private Tesla would ultimately be an enormous opportunity for all of us. Either way, the future is very bright and we’ll keep fighting to achieve our mission.

Thanks,
Elon

#marketing #valueproposition

Tiny

8月

8日

Tiny may have bad a seizure this afternoon. He displayed symptoms few time in the past but this one was longer than usual. Mayumi took Tiny to the emergency room in Kirkland. I hope he recovers from it.

I asked Pompom to be with Tiny.

#pompom #pompomiamhere #pompomuchikura #pompomwashere #tinypompomnano #valueproposition

Project Management

8月

4日

No project can be managed without setting and knowing the goal. When you know the goal, you must have the target date when the project is complete. And you need to keep track the progress. It is absolutely unacceptable for anyone to say, "we cannot meed the deadline on the lastly of the project".

First you set the goal then you break it down to the smallest steps possible and proceed with review on every step. That is the only way you can manage any project.

#pompomwashere #pspinc #uchikuraco #valueproposition

Would You Try It Out?

8月

3日

Dear Web and Internet professionals,

I really would like you to try our Domain, Web and Email platform which already has over 40,000 corporate users. If I give you 1 year 90% off to try it out, would you try this?

http://www.dreamersi.com

#marketing #pompomwashere #pspinc #uchikuraco #valueproposition

Picture to Drawing

8月

1日

Here is the original picture and the drawing based on the picture.

#pompom #pompomiamhere #pompomuchikura #pompomwashere #tinypompomnano #valueproposition

Tiny and Nano are Going Home

7月

31日

Mayumi is back from Japan.
Tiny and Nano are going back tonight.
Nano seems very happy.

#pompom #pompomiamhere #pompomuchikura #pompomwashere #tinypompomnano #valueproposition

5 Drawings in 3 Days

7月

29日

I drew 5 in last 3 days.
It only takes about 10 minuets per drawing.
Which one do you like?

#pompom #pompomiamhere #pompomuchikura #pompomwashere #tinypompomnano #valueproposition

Edward Snowden

7月

25日

I watched the movie called Edward Snowden on Amazon Prime Video. Watching the video, I wonder whether Edward Snowden was / is a Hero or Villain. This happened from the President Bush era to President Obama era.

People are starting to forget about this.What would happened if this wa happening now ... The truth is ... I think it is still happening now.

#uchikuraco #valueproposition

A Park with View of Seattle Downtown

7月

22日

Last time I was here was April 3 ... The day I said good bye to Pompom.
I miss him.
It is a beautiful place and beautiful weather today.
You can see Mt. Rainier in distance,

#pompom #pompomiamhere #pompomuchikura #pompomwashere #tinypompomnano #valueproposition