Hey everybody Rob Mower here.

Rob Mower here.

Good to be back after a long Labor Day weekend, though not the best day to come back to for Tesla's stock, as this was

Tesla's worst trading day in history, down 21% or $88 post split, 440, pre- Split Split to $330.21 per share.

That did compare to the Nasdek

which also had a very tough day, down 4%,

continuing the drop in the macros that started

middle of last week.

Not so fun fact, Tesla's market cap today declined by more than the total valuation of the company

at this point last year.

The 21% drop eclipsed previous 19% drops in single day trading for Tesla, the first of which happened back in 2012 when the stock dropped from a post-split adjustment price of just $5.65 per share down to $4.56 per share and then earlier this year

there was also another 19% drop in March. In fact of the six biggest

percentage declines in single days in Tesla's history,

four of those six actually came this year. If we flip things around and look at the

biggest single day percent gains, to get four of those instances happening this year you have to go all the way out to include 18 of Tesla's biggest days.

So four of the six worst days, four of the 18 best days, which I don't think is what you would naturally expect, given the performance

over all of Tesla this year.

The point is that these volatile sharp down days are not necessarily indicative of poor performance

of the company or poor future performance.

It's also worth considering that today's single performance takes into account

everything that happened over the weekend as well as on Monday so it's really sort of

four days compacted into one.

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