It's Tuesday, July 27th, welcome to Marketfoolery, I'm Chris Hill, with me today, Asad Sharma.

Thanks for being here.

Chris, thank you for having me.

Let me just say up front, I have no idea what the audio sounds like, due to extenuating

circumstances, Asad and I are flying solo on the audio, so if the audio is now good,

it'll be better tomorrow, I promise.

Hey Chris, there is a really old French movie, it used to be famous, but time flows.

I don't know if anyone's ever heard of this, but I think it's called Don't Shoot the

Piano Player.

I feel like we're, that's the theme for our audio today, don't shoot the piano player.

I've not heard of that, but after this episode, I'm going to go to IMDb and look it up.

We've got home improvement, we've got aircraft, we're going to start with automotive, Tesla's

second quarter profit was not only higher than expected, it came in north of one billion

dollars for the first time ever.

There's always a lot to get to with Tesla, whether it's the actual results or comments

on the conference call, I'm curious what stood out to you.

Well Chris, I'm impressed by these results.

I mean, Tesla, despite a lot of challenges, had a great quarter in sales, sales up 98%,

but the thing that really leaps off the page is this automotive gross margin, which has

improved about three percentage points over the last four quarters, enabling them to

generate that higher profit, and they did it without a lot of these regulatory credits.

So in their automotive revenue, they're transferring credits, they're getting revenue from

...