Thank you.

Hello and welcome to the Wednesday June 6, 2018 edition of Tesla Daily on Official Tesla Podcast.

My name is Rob Maower. Today we were talking about the 2018

shareholder meeting. There was a lot to cover so it'll probably take a couple days to get through,

but yesterday Tesla stock finished down 1.89% to $291.13, this compared to the NASDAQ up 0.41%.

However, in the pre-market today, Tesla is currently up $6.65 to $295,.78 or 2.28 percent.

In terms of the near-term price action, I think there are probably two things from the shareholder

meeting that would be driving the stock up in the pre-market today.

The first of which would be the news that Elon shared on model 3 production.

He reiterated that he feels like Tesla is on track for a 5,000 unit production week for model 3 by the end of the month,

and that is actually a slight improvement because previously the

guidance had been in a couple of months they feel like they would be able to do that

which actually would have given them a little bit of wiggle room to do that in early July

and still meet that guidance.

The 5,000 per week is really, really great news though.

The closer that we actually get to that time frame,

the more confidence that we can have in Tesla achieving that guidance.

Because the closer that they get, the more visibility they have to the bottlenecks and the more

visibility they have to their solutions for those bottlenecks. However that doesn't

mean that we should have 100% confidence and in fact my expectation would be that they actually don't

hit the 5,000 per week in June.

But that's okay because I think that they'll be really close and I think that they'll be

...