Hello and welcome to the Tuesday June 5th

2018 of Tesla daily unofficial. My name is Rob mower. Today we are talking about a report on

Model 3 cancellation rates amongst other topics. Tesla stock on Monday closed up 1.69% to

$296.74 cents this compared to the Nasdac up 0.69% to $2.94, this compared to the NASDAQ up 0.69%.

Yesterday's second measure, which is a company that reports on credit card and debit card

transaction data that they have analyzed, was out with a new report on model

three reservations and the cancellation rate for model three reservation holders.

While we have no way of knowing if second measures data is accurate, it is making the news, so I figured I would spend some time on it today.

They are claiming that the refund rate for model 3 reservations has been about 23 percent,

so 23 percent of people that placed a reservation at some point had that reservation refunded.

They're validating their data by saying that in August of 2017, Tesla released gross and net reservations,

which allowed them to calculate the refund rate of 12% at that point in time, and that aligned with the data that they had been collecting.

The weird thing about their data, I think, and you can see the data it'll be linked in the show notes.

But I think the weird thing is that they're showing that the refund rate has increased

month over month from January through April,

which from what I can tell would make April of 2018 the highest refunded month for

model three reservations.

I'm not really sure what would be driving that because April was the point where model

three production finally started to seemingly hit its stride.

We had three weeks there in a row where production was above 2,000 per week, slightly.

So seemingly confidence in the model three ramp-up would have been at a relative high for that month

which would seem to not cause a spike in the refund requests and we also have a

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