Hey, everybody.

Hey,

Hey, Hey, hey, hey, hey, hey, uh, now we're here, and today we are going to be focusing

on Tesla's 10-Q filing.

This is the filing that happens with the SEC

after the earnings report every quarter and we always get a little bit more detail on

Tesla's earnings, particularly this quarter on their capital expenditure plans,

stock-based compensation, deferred revenue, some tidbits on margin, production, the energy business, etc.

It's a dense report. I spent most of the day going through it, so we'll go through the highlights on that.

And then we do have a couple other stories to get to as well,

specifically on China exports,

some other news out of Shanghai,

and a couple other stories, time depending.

All right, so first up from the 10-Q filing,

let's talk about capital expenditures.

This is the story that seems to be getting the most attention and headlines today,

even though Zach had already mentioned the news that we're going to talk about here on their earnings call.

So this should be no surprise to all of us, but in Tesla's 10Q, they say, quote,

we currently expect our capital expenditures

to be at the high end of our range of 2.5 to 3.5 billion in 2020, an increase to 4.5 to 6 billion in each of the next

two fiscal years."

This is a significant change from Tesla's previous guidance.

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