Hey everybody, Rob Mauer here, and today we've got another pretty negative day for Tesla

stock on very high volumes, so we'll talk a bit about that.

We've also got production numbers for Tesla in China, some news on Tesla and Germany updates

on the EV tax credits in the United States, Rivian earnings, and more.

Alright, so the difficulty for Tesla stock continues down another 7.2% today to close

at $177.59, Tesla now trading at just 55 times, trailing 12-month gap earnings.

The NASDAQ was down 2.5% on the day to day, so significant underperformance from Tesla,

and Tesla actually this morning was a little bit green and overperforming before a pretty

sharp drop off this afternoon.

Looking at volume, this was the second highest volume day for Tesla since mid-July, second

only to yesterday's 128 million shares, we're at about 124 million today, that's before

the after hours volume, but very close, and again, given the overperformance in the

morning, it doesn't seem like an immediate reaction to any of the news that we had yesterday

about Elon and his farm force being filed, so extremely high volume and underperformance

starting intraday, that would certainly seem to have the characteristics of a large

seller entering the market, perhaps Elon.

Now, over the last month or two, we have had high volume days where people have been

pretty convinced that Elon was selling and turned out to not be the case, that's a possibility,

it is also possible that someone is trying to make it look like Elon is selling and

take advantage of that reaction, just dump a bunch of short shares in the market, create

a big red candle, and then capitalize on the continued downtrend.

I think that specific scenario is less likely than Elon actually having sold today, but

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