After a few brief words on Tim Cook's message to customers regarding iPhone security and the San Bernardino case, Episode 53 is dedicated to the car industry. Beginning with a look at Tesla's most recent earnings report, we discuss the progress Tesla has been making as an auto manufacturer and why the company has a balance sheet dilemma. Next, we take a closer look at why suggestions that Apple should buy Tesla are off base. The second half of the podcast is focused on the car and why auto production is the single biggest factor to watch in the changing auto industry. More information on Above Avalon memberships can be found at AboveAvalon.com.