in the last year, it broke ground on a fabrication plant in mohawk valley, new york, as well as the world'srbide facility in durham, north carolina. joining me now in a fox business exclusive, wolfspeed ceo greg lowe. it's great to have you -- >> thanks for having me, cheryl. cheryl: thank you for coming to new york the, i'm sure north carolina is much prettier this time of year. i want to start with some news that came out of tesla that actually your company took a little bit of a hit, or at least the stock did, when they were at investor day, one of the executives said they were going to be using 75% less silicone carbide. obviously, you recovered from that, but explain to our viewers what happened there, why you got wrapped up in that. >> well, basically, the demand for silicone carbide is skyrocketing right now, and we're seeing it, of course, in applications such as electric vehicles, silicone carbide enables a car to go further with the same amount of battery, so it's a big value proposition. and it's the opportunity for us is just getting stronger and stronger. i've had a number of c