Hey everybody Rob Bauer here and today we are of course going to continue to talk about

Tesla's earnings report, not the nicest reaction in the markets today, a couple of items that

have come up that I think weren't further review, and we've got a couple other pieces of

news as well, including details on FSD transferability.

Alright, so looking at the stock Tesla today down just below 10% after the earnings report

yesterday, nine and three quarters percent to close at $262.90.

The NASDAQ on the day to day down over 2%, so definitely not helping out there any other

day you might expect Tesla to be down in the three and a half 4% range or so in the absence

of other news with that kind of a macro performance, plus we are of course heading into the NASDAQ

100 rebalancing like we have previously talked about.

That goes into effect on a Monday, so there is probably some influence of that right now.

If we look at the top-rated stocks in the NASDAQ 100 that are going to be negatively affected

by this rebalancing, all of them underperformed the NASDAQ overall, except for Apple.

So it doesn't mean that Tesla's earnings didn't contribute to the results today, obviously

that had an influence, but I think there are other things that are pretty clearly creating

a bit of a piling on effect today.

Nevertheless it definitely creates the question of were these earnings worse than what we might

have thought when we reviewed it yesterday as there's something that I missed, and we'll

talk about that in just a second.

Now we're not going to go through all of the analyst reactions, but from what I can tell,

it seems like they've been pretty positive, which isn't maybe all that surprising given

that the numbers did come in ahead of analyst consensus.

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