Hey everybody Rob Mauer here for what should be a relatively quick episode not a whole lot of news to go through today

but tomorrow's

episode should be quite a bit longer and that'll lead us into Labor Day weekend so

I am planning on taking Monday off likely Friday as well to catch up on some other

things behind the scenes so tomorrow will probably

be the last podcast of the week unless something crazy happens.

As a reminder the market is closed on Monday, September 7th.

Before we get to the stock for today, a quick update battery day invitations have started to be sent out so if you did apply for the random drawing for shareholder invitations to the event and the shareholder meeting you should be checking your email as well as the spam folder. A response to that email is required within 48 hours.

Otherwise that imitation goes to somebody else.

Hopefully some listeners have been selected. I've heard from a couple people on

Twitter already. But let us know in the comments if you were fortunate enough to receive that

Golden Tesla ticket. We're now under three weeks from the event and with the invitation

starting to go out. To me it's starting to feel real.

This has been postponed for so long and I think there's even been uncertainty about whether it'd be postponed

again. So with these going out it now starts to feel official and I'm starting to get excited.

Moving on to the stock then, Volatile Day for the NASDAQ and for Tesla, Tesla finished down 5.8% on the day to

$447.37.

So just a bit above where the split happened at around 442,

but that did compare to the NASDAQ finishing up 1% today.

So this provides a good illustration of the potential downsides of the at the market offering structure that Tesla has employed for this potential up to $5 billion capital raise that we had talked about yesterday.

The stock is now down about 10% from when that agreement was put in place, which demonstrates

the risk of not just raising at that fixed price at the time.

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