Thank you.

Thank you.

Hey everybody.

Hey everybody, Rob Maower here and today we are talking about Tesla Stock.

Ron Barron was on C.

Bairn was on C. Bairn was on C. This morning to do the same. We also have a few product updates

including another price drop on the model S and a couple other notes to go

through as well. So we'll start off with the stock. Tesla stock on the day

today finished up 3.3% to $461.30 that compared to the NASDAQ with a tougher day down 0.8%.

So Tesla over the last week has been pretty quietly up about 8.5% and has now closed at its third highest

all-time high close. Some of that overperformance may have been driven by Ron Barron appearing

on cnBee this morning, though of course Ron has been bullish on Tesla for a long time,

so you wouldn't really think his bullish comments would really change any perception around

Tesla at this point, but I suppose it never hurts to have a little bit of that reaffirmation and that was definitely given by Barron speaking of the market cap he said quote

I've said for a long time I thought it was going to be one to two trillion dollars with what developments have taken place recently, I think 2 trillion is the right number, so I think it's 5X from here."

End quote.

As for why that would be, it's pretty simple, Barron says, quote, I think they're going to be doing

five, six, seven, or $800 billion in sales in 10 years. says quote I think they're going to be doing five six seven or

eight hundred billion dollars in sales in ten years on just the cars and the

batteries is another unbelievable business which I'm very excited about

end quote so that's pretty close to the super rough estimates

that we had outlined after battery day

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