Hello and welcome to the Monday January 28th

2019 edition of Tesla Daily on Official Tesla Podcast.

My name is Rob Maower.

Today we were talking about Saudi Arabia's investment in Tesla,

as well as some news from other automakers.

Tesla stock on the day today finished down slightly 0.22% to $296.38 as compared to the NASDAQ down 1.11%.

The intra-day trading was a little bit rocky today as around 10.30 a.m. Central time.

Tesla fell by around $6 per share on the news that Saudi Arabia's public investment fund

had significantly reduced their exposure to Tesla.

This report comes from the Financial Times,

and in their original article, they used the word

slashes, their exposure rather than reduced.

Slashes ended up being picked up by other media

reporting on the story as well.

CNBC I think used cut. But either way it was definitely framed as though Saudi Arabia was reducing

its investment in Tesla, which clearly seemed to trigger that short sell-off that we saw, and then as the news was

digested, it was determined that Financial Times was actually reporting that Saudi Arabia

had placed a hedge on their investment rather than simply reducing their

investment.

I don't believe the Financial Times reported what that hedge was, but they did report the date

that it was placed on and interestingly enough and great timing for that

public investment fund the hedge was actually reportedly initiated on January 17th this

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