Hey everybody, Rob Mauer here, and today we're talking about a new note from Deutsche Bank

on their recent meeting with Tesla Investor Relations.

Also got a new software update, looks like this is the holiday release for Tesla, news

on EPA emission standards, the Model Y, Tesla semi, and a couple other things as well.

Strong day for the markets today, pretty much across the board, especially for growth stocks,

and NASDAQ finished up 2.4%, and Tesla doing even a bit better at 4.3% to $938.53.

So first up, we've got a note from Deutsche Bank, this is from December 14th, but this is

the first time that I've seen it appear, this is from Gary Black who shared this note

out on Twitter, and this is Deutsche Bank's recap of their conversation with Tesla's

Investor Relations head Martin Vieca from their auto tech conference, which we had previously

talked about that took place on December 9th and 10th.

So quite a few interesting points here, they say that this note details Tesla's message

on many of its current key topics, and then they say that the key takeaways from Tesla

include number one, puts and takes for fourth quarter and fiscal year 2022 margins, volume

and pricing sequentially positive, raw materials headwind, less than pricing, cost of ramping

up Berlin and Austin likely higher than Shanghai due to new vehicle specs and technologies.

So what we've been talking about this for most of the year, the price increases that

we've been consistently seeing at least in the US have not fully hit Tesla's financials

yet.

So Tesla here apparently saying that as volume increases sequentially or deliveries, prices

will increase as well as those price increases start to get reflected from the order backlog.

Now importantly, they say that though raw materials are increasing, looks like that little

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