Hey everybody, Rob Mauer here and today we're going to be talking about some news from Elon

Musk.

He has established a new company called X Holdings, take a look at some of the details behind

that.

And we'll continue discussing Tesla's earnings report yesterday, some criticism today

about the regulatory credits assisting Tesla's beat, so I want to take a look at how Tesla's

numbers came in excluding regulatory credits and a couple of other things from earnings,

and we also have news on the boring company.

Alright, so looking at the stock after reporting earnings Tesla today finishing up 3.2%, but

kind of a disappointing day considering that in the morning, Tesla was up over 10%, so the

closing price today of $1,078, that's a little bit below where Tesla was trading just two days ago

before reporting these excellent earnings.

So of course, on Wednesday, before Tesla reported Netflix was dragging things down,

and then today, even though the NASDAQ started out positive, kind of a straight line down

just throughout the day, with Tesla following it on the way down, and sometimes that's just how it goes.

I know I mentioned this on the live streams, but Tesla right now, as listed on Yahoo Finance

and Google Finance is trading at 206 times earnings, but that is using the earnings before

yesterday's report.

Once that gets updated to the $7.37, that Tesla's at now for the last 12 months for gap earnings

per share, that price to earnings ratio that's going to drop from 260X to 137X.

The multiple compression continues, and every quarter we go that's going to keep happening,

and that continues to raise the floor on where Tesla could reasonably trade,

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