Hey, Rob Maower here and today we're going to start off talking a bit about Tesla stock.

Obviously a tough day for the markets today. We have some

news on model Y from Giga Berlin, an update from Consumer Reports on

self-driving technology, and some news on the Fiat Chrysler Tesla credit

situation.

So Tesla stock today was down 4.4% to $450.2 that compared to the NASDAQ down 3.7%.

So I think most of that move in Tesla was macro-driven. The S&P 500 and the Dow Jones Index had their worst days since June.

I don't think volatility should be too unexpected. Of course, we're heading into the US federal election next week that's on Tuesday and a lot of places today are

attributing the down market to a continued rise in COVID-19 cases and in some locations that is

causing restrictions that had previously been relaxed to be put back in place.

So for example, I'm pretty close to Chicago.

We heard today or yesterday that they are closing down indoor dining.

And as we head into winter, obviously outdoor dining can be a little bit less appealing.

So that can have even a bigger economic impact than it would have during the summer months, for example.

And I know places like Colorado, they're adding more restrictions, doing things like closing down gyms.

So we're seeing this all happen at the same time as the election approaches.

We haven't heard much on another round of stimulus.

Or rather we have heard a lot about it, but we're not seeing any action there yet and all that seems to be

weighing on the stock but at least at this point in time I don't see a whole lot of fundamental impact

for Tesla I'd be really surprised if Tesla had to end up shutting down their factory again.

I think Elon's comments and actions last time that happened would make it a difficult move politically to do that.

But it's also not outside the realm of possibilities.

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