GET THEM. MEANWHILE,
PRESIDENT-ELECT JOE BIDEN IS
SET TO USHER IN NEW POLICIES
AND PRIORITIES AFTER TAKING
OFFICE IN JANUARY, INCLUDING
THOSE THAT MIGHT BENEFIT THE
LEFT TRICK R SPACE DURING A SOW
AS GARRETT NELSON SENIOR EQUITY
ANALYST AT
CFRA RESEARCH. GARY GREAT TO
HAVE YOU WITH US ON THE SHOW
TODAY WHY DO YOU THINK ELECTRIC
NICHOLS IN THAT MARKET COULD
SEE A BOOST UNDER A BIDEN
ADMINISTRATION.
>> SHERIFF THANKS FOR HAVING ME
WELL PRESIDENT ELECT BIDEN HAS
PROPOSED ARE SOME PRETTY HALF
GOVERNMENT SUBSIDIES WHICH
WOULD BENEFIT
ELECTRIC VEHICLES. SO HE TAX
CREDITS FOR CONSUMERS. TO
ESSENTIALLY STIMULATE THE
PURCHASE OF MORE ELECTRIC
VEHICLES AND ALSO TAX CREDITS
FOR MANUFACTURERS TO PRODUCE
MORE ELECTRIC VEHICLE MODELS.
HE'S ALSO PROPOSE A NUMBER OF
OTHER THINGS
SUCH AS BUILDING OUT THE
ELECTRIC VEHICLE INFRASTRUCTURE
HE WANTS TO BUILD A HALF A
MILLION NEW ELECTRIC VEHICLE
CHARGING STATIONS ACROSS THE
U.S. WHICH WOULD BE A
MASSIVE INCREASE. IN FACT ABOUT
A 20 FOLD INCREASE IN THE
NUMBER OF EACH ARGAN
STATIONS THERE CURRENTLY IN THE
UNITED STATES WITH WHICH TOTALS
ABOUT 27,000 SO THESE SORTS OF
REALLY BENNETT IF THE ELECTRIC
VEHICLE INDUSTRY.
>> YEAH GARRETT ON THAT IDEA OF
THE INFRASTRUCTURE IN THESE
CHARGING STATIONS WE'VE WE'VE
HEARD FROM MANY EXPERTS
ANALYSTS WHO SAY THAT THIS IS
ONE OF THEM
BIGGEST BARRIERS TO MAKING
ELECTRIC VEHICLES GO EVEN MORE
MAINSTREAM. SO THESE
INVESTMENTS UNDER A BIDEN
ADMINISTRATION GIVE ME A
SENSE OF THE MAGNITUDE TO WHICH
THIS COULD PROLIFERATE ELECTRIC
VEHICLES AND ALLOW THEM TO GO
MAINSTREAM, ESPECIALLY HERE IN
THE U.S..
>> SURE SO IT'S ONE OF THE
BIGGEST BARRIERS FOR THAT FOR
THE INDUSTRY. SO FAR THERE
CERTAIN STATES WHERE THERE ARE
PLENTY OF. EVEN CHARGING
STATIONS SUCH
AS CALIFORNIA. BUT IN OTHER
LARGE SWATHS OF
THE COUNTRY. THERE REALLY
AREN'T A LOT PUBLIC CHARGING
STATIONS SO MENTIONED THERE'S
ONLY ABOUT
27,000 NON-RESIDENTIAL EVIE
CHARGING STATIONS ACROSS THE
U.S. CURRENTLY BUT A HIGH
CONCENTRATION OF THE THOSE ARE
REALLY JUST ABOUT A DOZEN OR SO
STATES. SO YOU KNOW IT'S IT'S
ONE OF THE BIGGEST ISSUES THAT
ARE IS IS FACING THE ADOPTION
OF ELECTRIC VEHICLES BY THE
BROAD. UNITED
STATES POPULATION.
>> CARE IF WE CONSIDER THE
RELATIONSHIP WITH CHINA AND THE
CHINESE MARKET TO ELECTRIC
VEHICLES HERE IN THE
U.S. THERE THERE'S A COUPLE
THINGS RIGHT AND COMPANIES LIKE
TESLA HAVE FACT
DURING HIS OVERSEAS LIKE THEIR
SHANGHAI FACTORY THAT THEY RELY
SO
HEAVILY ON AND THERE'S ALSO THE
MARKET THE LARGEST ELECTRIC
VEHICLE MARKET DOES EXIST IN
CHINA AT THIS POINT HOW DO YOU
THINK THE BIDEN ADMINISTRATION
WILL APPROACH RELATIONSHIPS
TRADE RELATIONS. AND EVEN THE
SHARING OF INFORMATION ACT
AND TECHNOLOGY WITH CHINA THAT
MIGHT HELP TO BOOST EVIE IS
HERE IN THE U.S..
>> WELL WE THINK TRADE
RELATIONS OR ARE LIKELY TO BE
LESS CONTENTIOUS UNDER A
BIDEN ADMINISTRATION. YOU
PROBABLY HAVE FEWER TARIFFS,
FEWER
TARIFF THREATS. SO I THINK YOU
KNOW, THAT'S THAT'S ONE OF THE
MAJOR THINGS. WE SEE BIDEN MORE
FOCUSED
ON OTHER NOT NECESSARILY AS A
HAS
FOCUSED ON TRADE AS PRESIDENT
TRUMP HAS BEEN OVER THE LAST 4
YEARS SO THAT'S THAT'S ONE OF
THE BIG THINGS YOU KNOW IF YOU
LOOK AT THAT IS THE WORLD'S
LARGEST ELECTRIC VEHICLE MARK
IT REALLY WHAT'S HAPPENED OVER
THE LAST
3 OR 4 YEARS IS MAJOR
AUTOMAKERS HAVE PURSUED A
STRATEGY OF REGIONAL IS AISHA
NEW HEAD TESLA BUILDING THEIR
OWN FACTORY
IN CHECK CHINA, AUTO MAKERS
INCREASINGLY LOOK LOOKING TO
LOCALIZE OR REGIONAL ALLIES,
THEIR PRODUCTION IN ORDER TO
AVOID THOSE TARIFFS. SO YOU
MIGHT SEE IT
OVER SO YOU KNOW SOME OF THE
TARIFFS ARE LIFTED YOU MIGHT
SEE A REVERSAL OF
TREND OF OF REGIONAL AS A SHUN
THAT WE'VE SEEN OVER THE LAST
FEW YEARS.
>> GARRETT ON TESLA SPECIFIC
SPECIFICALLY WE LEARNED THAT IT
IS BEING ADDED TO THE S AND P
500 ON
DECEMBER 21ST ESSENTIALLY
CONFIRMING ELECTRIC VEHICLES AS
A DRIVER OF THE U.S. ECONOMY.
WHAT DOES THE ADDITION
OF TESLA INTO A MAJOR U.S.
EQUITY SAY ABOUT THE IMPORTANCE
OF EVE EASE
WITH INDIA ECONOMY AND HOW
MIGHT THAT IMPACT THE BIDEN
ADMINISTRATIONS PLANS TO FOCUS
WITHIN THAT SPACE.
>> IF YOU LOOK AT TESLA'S
MARKET CAP. IT ALREADY HAS A
LARGER MARKET CAPTAIN ABOUT 95%
OF THE COMPANY'S. AND THE S AND
P 500 SO REALLY THE QUESTION IS
WHAT TOOK SO LONG FOR FOR THAT
AND TO BE TO BE ADDED WELL THEY
HAD MET ONE OF THE THRESHOLDS
FOR INCLUSION INTO THE S AND P
500 UNTIL
THIS SUMMER WHICH WAS FOR 4
CONSECUTIVE QUARTERS OF
GAP PROFITABILITY IT FINALLY
DID THAT IN FACT THEY HAVE 5
CONSECUTIVE QUARTERS OF
GAP PROFITABILITY AND SO REALLY
THE INDEX COMMITTEE HAD NO
CHOICE BUT TO ADD THE COMPANY
AND IT'S A VERY SIGNIFICANT
MILESTONE ELECTRIC
VEHICLE MAKER TESLA ACCOUNTED
FOR ABOUT 58% OF ALL THE
ELECTRIC VEHICLE SOLD IN THE
U.S.
LAST YEAR. ELECTRIC VEHICLES AS
A WHOLE ACCOUNTED FOR JUST
UNDER 2% OF ALL THE NEW VEHICLE
SOLD IN THE U.S. LAST YEAR.
WE THINK THAT OF 1.9%
WILL GROW TO ABOUT 20% BY THE
END OF THIS DECADE, SO IT'S ONE
OF THE BIG.