RUSH TRANSCRIPT David I ░░░░░░░░ see why people want ░░░░░░░░ do that He is ░░░░░░░░ very charismatic guy who ░░░░░░░░ great promises like colonizing ░░░░░░░░ and reusable rocket ships ░░░░░░░░ are all sexy ideas ░░░░░░░░ did pioneer painting transfer ░░░░░░░░ growth into electric vehicles ░░░░░░░░ the combustible engine vehicle ░░░░░░░░ There is a lot ░░░░░░░░ But is it worth ░░░░░░░░ price people are paying ░░░░░░░░ has been a crowded ░░░░░░░░ for a long time ░░░░░░░░ think the answer is ░░░░░░░░ resounding yes I don ░░░░░░░░ think there are many ░░░░░░░░ investors that invest in ░░░░░░░░ for anything other than ░░░░░░░░ Musk effect Even the ░░░░░░░░ effect for that matter ░░░░░░░░ they don t own ░░░░░░░░ the performance is going ░░░░░░░░ be so bad they ░░░░░░░░ going to look That ░░░░░░░░ on the margin these ░░░░░░░░ institutional investors that help ░░░░░░░░ the stock are looking ░░░░░░░░ chinks in the armor ░░░░░░░░ personality When is the ░░░░░░░░ effect going to end ░░░░░░░░ fundamentals do not make ░░░░░░░░ for the valuation I ░░░░░░░░ we are coming close ░░░░░░░░ that given increasingly erratic ░░░░░░░░ I think this play ░░░░░░░░ Twitter is not good ░░░░░░░░ Tesla investors Taylor why ░░░░░░░░ If his ultimate goal ░░░░░░░░ to continue to attack ░░░░░░░░ continue to improve growth ░░░░░░░░ continue to show the ░░░░░░░░ investor that he is ░░░░░░░░ investing in why distract ░░░░░░░░ with Twitter Why would ░░░░░░░░ be the strategy as ░░░░░░░░ to a company they ░░░░░░░░ David it is hard ░░░░░░░░ say with people like ░░░░░░░░ why they do what ░░░░░░░░ do I m not ░░░░░░░░ to try to get ░░░░░░░░ his head What does ░░░░░░░░ have to hide now ░░░░░░░░ has to hide an ░░░░░░░░ amount of competition coming ░░░░░░░░ The market share of ░░░░░░░░ has been in decline ░░░░░░░░ a while now Yes ░░░░░░░░ EV market is growing ░░░░░░░░ when you look at ░░░░░░░░ tens of billions that ░░░░░░░░ are pouring into the ░░░░░░░░ vehicle market with Tesla ░░░░░░░░ able to afford to ░░░░░░░░ a cash flow a ░░░░░░░░ because their cash flow ░░░░░░░░ so negative The advantages ░░░░░░░░ Tesla once had is ░░░░░░░░ and growth in the ░░░░░░░░ of the industry from ░░░░░░░░ providers of electric vehicles ░░░░░░░░ beginning to take off ░░░░░░░░ Tesla to be fair ░░░░░░░░ had huge positive margins ░░░░░░░░ than expected profitability My ░░░░░░░░ to my right nose ░░░░░░░░ fundamentals arguably better than ░░░░░░░░ do but how do ░░░░░░░░ see improving fundamentals taking ░░░░░░░░ from 1000 shares to ░░░░░░░░ David the fundamentals need ░░░░░░░░ be 20 x what ░░░░░░░░ are right To justify ░░░░░░░░ a share the company ░░░░░░░░ to only 83 of ░░░░░░░░ electric vehicle market by ░░░░░░░░ That is what the ░░░░░░░░ implies assuming a 39 ░░░░░░░░ average selling price Romaine ░░░░░░░░ I m going to ░░░░░░░░ devil s advocate There ░░░░░░░░ a lot of investors ░░░░░░░░ the stock who say ░░░░░░░░ are not going to ░░░░░░░░ this is a car ░░░░░░░░ or even an EV ░░░░░░░░