Hey everybody, Ralph Mauer here, and today we are discussing an update from Electrek

on Tesla's second quarter sales.

We also have an updated 13F filing from Bayley Gifford, formerly the largest external shareholder

of Tesla.

We also have some possible changes to Tesla's referral program, some news out of China,

and one of their story as well.

Tesla Stock, after popping up in the pre-market from Electrek's story this morning, did fade

throughout the day, finishing down 1.1% to $663.54.

That compared to the NASDAQ, which are covered to end the day, finishing up 4 tenths of a

percent.

Alright, so getting into the Electrek story, this was published about 3 hours before market

open today.

Article Headline reads, Tesla's demand is through the roof already sold out this quarter,

Electrek writes, quote, Tesla is currently seeing exponentially strong demand for its vehicles,

as it is already sold out for the quarter according to sources familiar with the matter.

Expanding on that, they also write that quote, sources familiar with the matter told

Electrek that Tesla communicated to employees that production capacity for the second quarter

is already sold out with still almost two months left in the quarter.

This would follow Elon Musk's comment on the Q1 earnings call at the beginning of last

week where he said demand is the best they've ever seen.

Now, it's not really unusual for Tesla to be quote, unquote, sold out for a quarter.

I would say it happens most quarters in fact.

...