Hey everybody, Rob now we're here and today we're going to be talking about Bill Gates

response to Elon Musk's claims on the Joe Rogan podcast a couple weeks back that Elon

Musk had heard that Bill Gates had been shorting Tesla stock.

We've also got some news on the broader electric vehicle and automotive market, an interesting

response from Elon on an article from the Washington Post, and of course we've got to talk

about Tesla stock, it's about a wild couple of days, we had the interview yesterday without

a box potter, so we didn't get a chance to talk about it, but of course yesterday

Tuesday February 23rd, Tesla dropped to a low of $619 per share.

That was down more than 13% from the prior days close, then of course we saw a swift recovery

in the market and from Tesla, Tesla finishing down just 2% yesterday, on the biggest volume

day that we've seen in over a month and a half with 66 million shares trading hands

yesterday.

So as I talked about on Monday and we briefly talked about yesterday in the interview

as well, a lot of this is tied to expectation on interest rates.

So yesterday fed chairman Jerome Powell made comments to Congress, indicating the current

monetary policy is expected to continue at least for some time as economic uncertainty

remains.

So not to get too deep into that, we've talked about that of course in the past, but as

far as Tesla goes yesterday, certainly was not isolated to Tesla.

Those sort of sentiment concerns were broadly extended to high growth stocks, Tesla obviously

falls in that category, and I think the volatility there serves as a nice quarterly reminder

that you have to be very, very careful with stock losses on a volatile stock like Tesla.

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