Phil a bow is back having talked about Boeing now here to talk some Tesla.

Phil.

Hey Carl not a surprise that we're seeing more price cuts from Tesla.

We've already seen them in China and the US.

They're two largest markets.

Now we are seeing them in other

parts of the world. According to Reuters, they have decided to cut prices on the

Model 3 and the Model Y in Europe. Germany in particular, 4.5 to 8% cut in the prices there.

Singapore, a cut of between 4.3 and 5%.

Remember, in terms of global EV sales,

Tesla still leads to market.

I get this question all the time for people saying,

well, yeah, they lead here in the US,

but what about around the world?

Their strength in China, along with the US,

helps them get 17% market share. There you see BYU nipping at their heels

particularly in China but also expanding in Europe and then VW and GM.

As you take a look at shares of Tesla, keep in mind, we hear from them after the

bell next Wednesday. that is when they report

their Q1 results interesting to see whether or not they will say anything

about how these price cuts might might impact their guidance though I don't

think we're going to see them lower

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