Hey everybody, Rob Mauer here, and today we don't have a ton of Tesla news, we have

a new hire running gig in Nevada, we'll talk about that, we also have some rumors on

Project Highland and a couple of interesting updates from GM, including the new Cadillac

Escalade IQ.

Alright, looking at the stock, not a great day for Tesla today, down 3% closing at $242.19,

well the NASDAQ was also rough, down 1.2%.

Alright, so we'll get right into the Tesla news, we're going to start off with a story

from yesterday, a little bit of an update on it.

This was the Energy Hub VPP Virtual Power Plant program that Tesla has partnered with in Massachusetts

Rhode Island and forgetting the third state, but the accountants on Twitter slash X getting

a little bit more detail on this, we talked yesterday about not being sure about Tesla's

split in this whole setup, and it sounds like they are going to be getting 20% with Tesla

here saying that Tesla will pay the owner of the power wall 80% of the compensation earned

by their participation in this Virtual Power Plant program.

So interesting, that's actually a pretty good margin for Tesla, I mean, it's 20% of the

revenue being generated, but for Tesla, the costs of that are most likely negligible,

so it should be really, really high margin revenue.

If we look at the terms of this program, this was allowing owners to earn up to $1500 per

year, it was capped at that.

So depending on how that cap works with Tesla's cut, that either means that Tesla is maxing

out at $300 per year or $375 per year depending on the $1500 before Tesla's cut or after.

So actually a pretty decent annual potential revenue for Tesla there.

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