Hey, Rob mower here, and today I want to talk a little bit about a Neelon Musk tweet from yesterday on Tesla potentially licensing, its technology, and

then we have a number of other fun topics to go through like Tesla's 10-Q quarterly filing,

securitization of leases, as well as Tesla's credit rating, and then we'll also throw on a

Morgan Stanley note.

I promise it'll be more fun than it may sound.

All right we'll start off with the licensing topic.

Yesterday Elon Musk on Twitter replied to a tweet from Tesla Rotti

about an article which they titled, quote, Tesla obsessed German automakers

look to solve multi-year tech deficit, end quote.

Elon replied to that article saying, quote,

Tesla is open to licensing software

and supplying power trains and batteries.

We're just trying to accelerate sustainable energy, not crush competitors."

So this has received a lot of attention and I think caught a lot of people maybe by surprise,

but this is nothing new from

Tesla the same question was actually asked to Elon on their third quarter

earnings call last year and Elon replied quote yeah I think there's it would be

consistent with the mission of Tesla to help other car companies with

electric vehicles on the battery and power train front, possibly on other fronts.

So it's something we're open to. As a lot of people know, we open-source

our patents so that those would not serve us an obstacle to the adoption of

electric vehicles or solar power or stationary storage.

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