Fast funny starts right now line from the Nazac markets head overlooking New York

City's Times Square I'm Melissa Lear traders on the desk are Pete Nigeri and Tim Seymour

Steve Grasso and Guy Dami and let's get straight to it because it is an earning

pollusa for PayPal Las Vegas Sands all on the move after hours

reporting moments ago.

Facebook also reporting after the bell that's seeing a big reversal as a

conference call is just getting underway.

We've got full team coverage.

Julia Borsen standing by in Los Angeles.

Fast Money, Jean Munster is Manning, the Red phone.

We'll get to that in just a few minutes,

but we get started with the big after hours mover so far and that would be Tesla take a look at that

down 11% right now let's get straight to fill a bow in Chicago

for what is moving of this stock fill

Melissa it's not just that the two 2Q loss was greater than expected.

Tesla losing a dollar 12 per share, the estimate from analysts was for a loss of 40 cents a share,

but keep in mind the estimates were all over the map, a wide range there revenue coming in at 6.35 billion a little shy of expectations

It is the automotive gross margins that's going to get a lot of attention here. They came in at 18.9%. Remember the concern was

those margins were going to be squeezed as they were pushing out the model three,

was that that pushed to make deliveries of more than 90,000 willing to hurt margins

coming in at 18.9% when many people were looking for them to be at least 20%.

By the way that's down not only compared to the second quarter of last year, but also

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