Hey everybody, we're at Mauer here and today we're going to be looking at the reservation

count for the Tesla Cyber Truck versus the Ford F-150 Lightning for respective periods of

time after the unveiling.

We've got more price changes from Tesla and update on the Plaid Plus Model S, Tesla possibly

expanding into Russia and a couple other stories as well.

Tesla stock today, despite popping up above $600 per share in the pre-market, did fall

1% on the day to $580.88, that compared to the NASDAQ which also dropped throughout

the day, finishing down half a percent.

We did have an updated analyst note on Tesla's stock today from Bank of America, they lowered

their price target on Tesla from $900 per share previously, down to $700 per share.

One of the reasons for that being that the stock price has dropped, so we actually kind

of saw this on the way up as well with the analyst firms covering Tesla saying that, as

Tesla's stock price rose, they had lower cost of capital, and that helps them justify

a higher stock price.

While we're kind of seeing the opposite now, so Bank of America saying with the falling

stock price, Tesla's diminished its ability to, quote, utilize its stock to raise capital

through low-cost equity offerings.

So that theory did make sense on the way up, it makes sense on the way down as well,

but you've got to question the magnitude of impact, Tesla still has a very high market

cap.

It's right around $560 billion, so Tesla could raise $5.5 billion with 1% delusion.

Is that really that impactful when Tesla, at their higher stock prices could have raised

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