Hey everybody Rob mower here and today we have the good fortune to be joined by David

trainer of new constructs David put out a note last week with his team on Tesla

that was relatively bearish so I thought it would be a good opportunity to have

somebody on the podcast to maybe give a different perspective than what I sort of give day today and hopefully we can both learn a little bit throughout the course of the conversation.

So David is a former analyst with Credit Suisse, and then for the last couple decades,

he is a founder and CEO of New Constructs

on Investment Research firm.

So David, anything you want to add to that

in terms of your guys' work and specifically this note on Tesla?

Yeah, sure, no, we're an independent research firm so we don't we're not doing

any investment banking or trading. There was a time when I ran a hedge fund, but we don't do that anymore.

So there's no short position in Tesla, and honestly, there's no axe to grind here.

I'm flattered that you'd have me on the show and I'm also a big fan of the cars and I think they're beautiful and I think what Eline Musk has been as done has been great for our world.

I think he was really a tipping point and forcing the big autos to to move more

toward electronic vehicles. Let's face it, you know, one has to question why they

had never really wanted to do it on their own,

how they needed external government pressure to increase gasoline efficiency when that at the

end of the day would just lower the cost of ownership for their product

which is a good thing but yet they didn't do it and want us to wonder why that is.

So I think Elon, you know, with respect to Tesla and electronic vehicles

and our environment has done the world a huge service.

Absolutely.

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