Hello and welcome to the Wednesday May 8th

2019 edition of Tesla Daily on official Tesla podcast. My name is Rob

Maower. Today we are talking about Tesla's finalization of its capital

raise as well as Volkswagen unveiling some new information on its next

electric vehicle, the ID3.

Tesla stock on the day today did finish down 0.90%

to $244.84, this compared to the NASDAQ down

0.26%.

First off, my apologies for the audio cutting in and out at the beginning of yesterday's

episode. I thought I had figured that problem out. It appears I have not. Definitely still working

on it. I promise it annoys me more than anybody else.

Basically what got cut yesterday was me just teeing up the conversation that

followed saying that some shorts were claiming that Tesla's

effective cost of capital on the capital raise was around 8% versus the 2% rate that they're actually

getting on the convertible notes. So I was attempting to kind of explain where that came from and then

my thoughts on the true cost of capital. Tesla today did file the 8K for that capital raise.

The 8K shows that both the common stock offering and the convertible notes were fully

filled at the base level as well as both being fully filled for the additional optional shares or the additional

optional notes.

So all in Tesla sold about 3.55 million shares for $243 per share generating 8862.5 million.

Tesla also sold $1.84 billion of convertible notes,

bringing total capital raised to just over $2.7 billion.

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