Hey, everybody Rob Maower here and of course today we're going to talk a little bit about the US election, primarily Tesla's reaction to it. I'm sure at this point people are a little bit about the US election. Primarily Tesla's reaction to it, I'm sure at this point people are a little bit

tired of hearing about everything going on. Of course the race is still ongoing. Votes are still being counted.

The next 24 hours should provide a lot of clarity, but regardless it does look like we may be in for a wait of days or even weeks before the election is finalized.

A quick example of that, especially for our international listeners.

For example, my state of Wisconsin, Joe Biden is ahead by about 20,000 votes.

The Associated Press has declared Biden the winner of the state,

but the margin of victory is less than 1%, and that will allow President Trump to demand a

recount. And those recounts in Wisconsin can take up to 13 days. We're going to see probably

similar actions taken in other states, maybe North Carolina, Michigan, Nevada.

You've still got Arizona, Georgia, North Carolina, Pennsylvania, all sort of unclear at this point in time.

And depending on how things go, one of those states could make a difference.

And many of them, if not all of them could fall

within a margin that would allow for a recount which just adds a lot of time.

For example in Michigan that can take up to 39 days.

For a little bit more context on Wisconsin as an example, we did have a

recount for the 2016 general election and that changed the result by only 131

votes. Of course this election is sort of a different beast with all of the absentee voting.

So a long way of saying it might be a while before everything is fully done.

But as of market close today,

the election betting odds put Joe Biden

as an 82% favorite to win the presidency and that's

probably our best clue for how the markets are reacting to what is unfolded

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