Hey everybody, you're up now we're here and today we're going to be talking about

the impact of the significant cryptocurrency market crash that's been happening today.

Summer cover has happened but the short term crash could impact Tesla's financials for

the second quarter so I want to talk about that.

Then we've also got news on Gigabril Lynn and Gigatexas, a couple of analyst updates,

her report on the cyber truck and one of their story as well.

Now I'm going to get this out quicker today, it's probably going to be a shorter episode

because I do want to do a live stream tonight for the unveiling of the Ford F-150 Lightning

so that's Wednesday 9 p.m. Eastern time or Thursday morning 1.30 a.m. UTC.

Another down day for Tesla Stock today finishing down 2.5% to $563.46 that compared to the

NASDAQ which started off the day pretty rough but did recover throughout the day closing

just shy of flat.

Alright so we do have to revisit cryptocurrencies today if you haven't been following

if there's been significant crashing happening Bitcoin at the low today was down 30% Ethereum

down 45% or so, doge similarly there has been some recovery throughout the day but this

is potentially going to impact Tesla for the second quarter because of how far Bitcoin

did drop at the low.

So we'll get into why that is but it is predicated on Tesla continuing to hold their

Bitcoin throughout the quarter so we saw Elon this morning tweet kind of in the midst

of this fall quote Tesla has diamond hands and quote I'm sure most by now are familiar

with the diamond hands expression basically it's just used to imply holding onto coins

or shares as hard as a diamond that no matter what happens you're not going to sell.

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