Hey everybody, we're on malware here. Welcome back to Tesla Daily. Today we're going to be talking about all of the latest SEC

filings from Tesla. Of course, we have form force from Elon to straighten out as well as a new 10k filing. So that will clarify all the details on that.

We'll also take a look at just what's been going on in the market recently and what's to come this week. We also have news on Tesla in China and a couple of other items as well.

All right, well, kind of a crazy few days here in the market. Of course, anytime I take a day off, that's what happens. The NASDAQ on Friday had its worst day again in over a year and a half.

It was down more than 4% and of course that followed up the down nearly 4% day on Tuesday. So two of the worst days in the last year and a half, both in the same week.

A little bit of a relief today with the NASDAQ finishing up 1.6% and Tesla's price pretty much following the NASDAQ around throughout the day, though to a higher degree, finishing up 3.7%.

To close at $900.94. So the last couple of days Tesla has outperformed the market. The stock was down a little bit on Friday, but hard to completely overcome a down 4 NASDAQ.

And these over performances have come since we got more clarification on what's going on with Elon and selling of Tesla stock.

As I noted on Thursday, it was really unfortunate timing for when we had to publish that episode. But shortly after that came out, we did see the form for us.

Pop up on Tesla's IR website. Disclosing that Elon had indeed been selling stock earlier in the week on Tuesday and Wednesday and then on Friday morning, we also got more form for us.

Disclosing additional selling that had happened on Thursday.

So despite how the equity financing was structured to be 49% of the capital needed for Twitter, Elon did end up selling here. Yes, I was wrong on that.

Certainly, no problem admitting that. I think it's also a good reminder to reflect on the fact that it wasn't ever expressed with any certainty.

Sometimes I'll share opinions on things and I'll share my rationale behind those opinions, but nobody's ever going to be right 100% of the time.

It's about taking in that information and deciding based on the information that you have what you think might happen.

As Elon would say, the goal is to be less wrong over time.

Anyway, let's get in these form for us. We won't spend much time on this because they've been out for a while now.

But Elon did end up selling 9,672,000 shares. With the average price of those sales, that was worth about 8.5 billion dollars.

Thankfully, Elon did clarify on a tweet on Thursday saying no for the Tesla sales plan after Thursday.

So how much cash that actually allows Elon to invest in Twitter will depend on taxes. Elon might not actually have to pay much taxes on that if he uses shares that he acquired in exercise of his options from back in Q4.

Remember, Elon at the time had to pay income tax on those based on the difference between the share price of time of exercise and the exercise price.

That's what caused his huge tax bill last year, but then his cost basis on those shares ends up being whatever the share price was at that time.

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