Hello and welcome to the Thursday February 27th 2020 edition of Tesla Daily on

official Tesla Podcast.

My name is Rob Maower. Today we were of course talking about the macro environment, the impact on

Tesla stock, but we do still have some other topics with Tesla specifically to go through as well.

Tesla stock on the day today did finish down 12.8% to $279, that compared to the

NASDAQ down 4.6%, the worst day for the NASDAQ in more than 3,000 days since August of 2011. Since its all-time high close a little more than a week ago last

Wednesday, the Nasdaq has fallen by about 13 percent. For comparison's sake, Tesla, since its

all-time high close, is down about 24.5%.

For further context, Tesla ended January at $650 per share, so we've now fallen to

where we were less than a month ago.

That being said, the drop is continuing in after hours

we've seen Tesla in the past in healthy macro environments go from I don't know

$390 per share to 177 so that's a 55% cut.

A similar decline here would put the share price in the $400 to $450 price range.

But again, that was in previously pretty strong macro environment.

If the macro environment softens further, you could easily see a bigger

decrease in Tesla stock price than that 55% cut. Not saying I expect that to

happen, but it's important to at least recognize the downside risks.

Looking at the macro environment then obviously these move important to at least recognize the downside risks.

Looking at the macro environment then, obviously these moves are being driven by coronavirus fears.

I mentioned this on Monday as well saying it wasn't something I was terribly concerned

over the longer term about, but that it could cause some volatility in the short term.

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