Hey everybody Rob Maower here and today we are talking about X. What is X you may ask? Well X would be a potential new holding company for all of

Elon Musk's ventures. Now by no means is this anywhere close to being imminent? This is just

Elon saying it could be a good idea on Twitter, but I think it warrants further discussion so we're going to do that here and we do have a couple other stories to go through as well. First let's check on the stock price though Tesla today finishing up about nine-tenths of a percent, closing at $645.98.

That compared to the NASDAQ down 3 tenths of a percent.

Volume today was pretty low, about 32 million shares traded hands.

That'd be the second lowest since the

S&P 500 inclusion announcement more similar to the volume that we had been seeing

pre-announcement. The other quick note I have on the stock yesterday I mentioned that

we still had an imbalance of shares at the Closing Cross on Friday.

One of our really great listeners, Frank Peland, pointed out to me that I was actually

misunderstanding that.

I know other people have had questions on that too, so I wanted to walk through that correction

today. So I just took a screenshot of the closing cross information from our live stream on Friday.

You can see here the time is 1559-59.

That's one second before market close.

So this is sort of the last bid and ask before the

closing cross happens and you can see here the imbalance shares are 12.5

million shares. Remember though that imbalance then changes once we are at

close. So if we look at the NASDAQ trader FAQ here, they say that imbalance shares are quote,

the number of opening or closing shares that would remain unexecuted at the current reference price." End quote.

That reference price part is the critical detail.

The NASDAQ says that is quote,

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