Hey, Rob Maower here and today we are continuing our discussion on Tesla's second quarter earnings report.

Yesterday we went through a lot of the financials and Tesla's announcement about Gigafactory

Texas.

Today I want to go through more of the takeaways from Tesla's conference call.

Tesla stock on the day today probably not the reaction everyone was hoping for from the market

but finished down 5% to $1,113.7 cents. That did compare to the NASDAQ though with a rough day as well,

down 2.3%. And if we look at the charts, the direction of moves were pretty similar with

Tesla's movement just being a bit amplified from the macro environment. Given the rising expectations heading into

earnings, which as we discussed, the whisper number that was

posted by Barron's was for a positive 50 cents per share, which of course ended up being the number.

I don't think it's too surprising to see Tesla not deviate to the upside from the macro environment here, especially given the outsized impact

that regulatory credit sales had on that earnings number.

But as we talked about yesterday, even stripping out those regulatory credit sales,

I'm still very happy with the financial results,

Tesla posted.

Oftentimes, it just takes a while for the market to really figure out what it wants to do.

For example, after the pretty good results from Key 1, Tesla stock was down about 12% two days afterward,

but two months afterward was up 40%.

And Tesla's performance today, not really all that bad

compared to other stocks.

Apple, for example, was down 4.5%, Amazon down 3.5%. all that

all that bad compared to other stocks. Apple for example was down 4.5%

...