Fast money starts right now.

Live from the NASDAQ market site overlooking New York City's Times Square.

I'm Melissa Lee.

Our traders on the desk are Tim Seymour, Karen Finerman, Steve Grasso and Guy Dami.

Tonight on Fast, nothing can stop this rally.

The market's surging to record highs despite a delayed tax reform bill

and uncertainty around the future of the Fed.

Reports saying that President Trump will pick front-runner and Fed Governor Jerome Powell.

Our own Steve Leeson is working the phones right now will join us with the very latest.

Plus, two huge after-hours movers, Facebook jumping to all-time highs as a stock beats while

Tesla sinks after its earnings report we're following every moment of these

earnings calls.

Julia Borsons in LA on the Facebook call that's starting right now

Philabo and Chicago getting ready to jump on the

Tesla call. And Fast Money Friend and Tech Guru, Gene Munster is in Minneapolis, tag teaming both of those

conference calls on the red phone. We start that with Tesla, the stock sinking after reporting a wider than expected

loss entering a bare market after hours as it approaches that key $300 level. Let's get to

fill above for all the details and fill the details are in that shareholder letter and

there are a lot of details when it comes to the model three. A lot of

details in there about the model three. We'll talk about that in a little bit but

the free cash flow for the quarter, Melissa, listen to this.

Negative $1.4 billion for Tesla.

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