Holy smokes. Everybody look at this. Okay, not jerome. Powell says this on twitter.

Here's a live shot at arc, invest after their second to third largest holding is down like 45 on the day. Teledoc darn got ta hate it when a company writes off 6.6 billion dollars against goodwill and then tells you yeah, we wrote that impairment charge off because well, um stop our stock went down. It's like what you're like double punishing us anyway, that that is crazy. Like very upset by tdoc and uh empathize, well, sympathize for for orc invest anyway, we're going to talk about path, law, arc, invest's, largest investment and also my largest investment, which also appears to be a burning ship right.

Now we got to talk about what that he double hockey sticks is going on here. Okay, so the first thing we're going to do is we're going to notice that we're bouncing off the 23.6 fibonacci line. However, we absolutely destroyed through the 880, which yesterday was our bounce point yesterday. The 880 line was our bounce point, a lot of good that did because oops we slipped right down to the 23.6 fibonacci retracement.

Now what is going on? Well, first of all, there's speculation that elon musk is selling, which is not entirely unreasonable, especially given the fact that of uh. This year we have had five trading days in which uh tesla has transacted more than uh. 20 million shares. I'm sorry more than 40 million shares.

The average is 20 million shares per day and they've only been five such days. One of those was the day after the twitter deal was confirmed, leading to speculation that elon musk is raising anywhere between 12 to 21 billion dollars. To be able to uh purchase or finance this acquisition of uh twitter. Now, if we divide tesla's current share price by about uh 21 billion dollars, we end up getting a uh shares.

Sale of about 24 million shares that have to be sold, and those obviously aren't all going to go through on one day. But take a look at this if the average daily volume is somewhere between 20 and 24 million, we had a 45 million dollar share move over here, which that who knows that could have been 8 million shares sold. We should find out later today. In fact, i'll give you the timing.

In just a moment. Yesterday we had 25 million shares transacted on the day and today - and this is crazy - the market's only been open for two and a half hours. We still have another roughly four hours to go and already 20 million shares have been transacted on tesla now, uh, hopefully in the form of the sec form for filing that we will hopefully see later today in the event that elon musk is indeed selling we'll see That he's already sold a large portion of what he needs to raise, and hopefully this pain ends, and what this ends up being is a short-term buying opportunity, because here you have an op unless of course you hate, tesla or you think it's overvalued whatever. Then that's.

That's your thing, then: don't buy it, maybe you're not even watching this video then but uh. You look at it as here's, a company that absolutely had smashing earnings, raised expectations and also kind of makes. You wonder if, like elon musk purposefully like oh yeah, we're aiming for 60 compounded annual growth to try to like pump earnings because he knew he was going to sell tesla stock for twitter right. So maybe he had a little over enthusiasm because he knew he was going to sell to finance the twitter acquisition.

Of course, that's something that's probably played through his mind worth considering right, but anyway, you've got a company that smashed earnings and it's down. You know 16. 17 from then uh, it's not uncommon, though, for tesla it's almost kind of like bitcoin. It's not uncommon for tesla to have these 35 swings, and so, if you're, a tesla hodler you're already pretty used to this, and you actually appreciate these by the dip opportunities.

Now, what is the deadline for elon musk to file the form for sec uh? Well with the sec? Well, the answer is right here. It's actually just comes right up on google. The form four must be filed within two business days following the transaction keyword here is following: if elon musk transaction occurred on the 26th, that means two days following would be one day following the 26th would be the 27th. Second day following would be today the 28th so sometime by maybe 5 pm eastern time today we might see a form 4 file that says that elon musk has indeed sold or started selling tesla shares if elon has not started.

Selling tesla shares it's entirely possible that this pressure is just fear that he is indeed selling, and so either we will get confirmation that he has started selling or that he's not selling. Of course, one of the frustrations here is that the team over at tesla is really giving us no uh answers uh about what the plans are in terms of financing this. This twitter acquisition, which is obviously a big deal to elon musk, maybe they're, just planning to do that through the forum iv release which could be as soon as today. Now there are questions about the lawsuits and i want to talk about those as well and sort of my thoughts here, but i do want to give a shout out to our sponsor extra.

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Elon musk does not have a 13 billion liability to shareholders because of solar city. Imagine if elon musk had to sell another 13 billion dollars worth of shares that could be another. You know 15 million shares of tesla. That would have to be sold, he's free of that, which is great.

Now he still needs to have a twitter babysitter which, having a twitty twitter babysitter, apparently does not stop him from from tweeting crazy things like suggesting that he wants to buy coca-cola. So we could add the cocaine back to coca-cola. Yes, uh. That is literally what he said right here.

Next, i'm buying coca-cola to put the cocaine back in okay. In addition to that, we also saw elon musk uh reply tweet to uh this statement from the fcc. Now, when this acquisition was announced, the twitter acquisition was announced by elon, musk, uh and and twitter that uh i mentioned on live tv. I went on live tv and said you know this stock has the potential of going down twitter? Has the potential of going down substantially, maybe down to 30 dollars if the biden administration, the sec or the fcc comes in and says no, and that actually appears to be what the biden administration was trying to do? Take a look at this.

Yesterday, the open markets institute issued a release that called for the fcc ftc and department of justice to block elon musk's purchase of twitter. They argue the transaction poses a direct threat to american democracy and free speech, how ironic uh and then their release cites the telegraph act of ninth of 1860, which really has to do with uh. You know preventing somebody from controlling or one entity or one person from controlling too much of communication channels right uh and their release cites this telegraph act among other statutory authorities in the context, arguing that these federal agencies have the authority to block the deal and the Commissioner of the fcc replied and said the fcc has no authority to block elon musk's purchase of twitter and to suggest otherwise is absurd. I would welcome the full fcc making it clear that we will not entertain these types of frivolous arguments.

Good news, so you've got good news on tesla earnings. You've got good news on uh. You know american government actually working, even though you've got politicians that are complete screwballs, then you've got great news on the solar city, lawsuit bad news that elon musk still has to get babysat on twitter. But apparently that's not that big of a deal and yeah elon musk got ruled against in that he was probably misleading when he suggested funding secured, which does open the potential.

For you know future shareholder liability uh through these lawsuits. But to me the fact that the market - okay - this is the big thing for you to consider the fact that the market is now seeing that we're 50 of the way to a recession with a negative gdp print and the qqq is bouncing off the zero percent. Fibonacci we're actually up one percent and the spy is up almost eight tenths of a percent. On the day.

We get this information that we could be in the midst of a recession right now and the market's up. That's the sign that stuff's priced in already. That's a sign of the markets like yeah yeah. That makes sense yeah all right make sense.

Hello, like i don't know. If i opened up a chart and i'm like, where do i want to buy, do i want to buy during a recession? Do i want to buy during massive fear, or do i want to buy when everybody's euphoric i'd rather buy when people are fearful, and that is exactly exactly why you should check out the programs on building your wealth link down below, including those for real estate. Investing and joining me in those private live streams, so i can answer your questions directly check that out using the coupon code back to the moon link down below, because i think we're getting ready to go back to the moon and stay tuned for projects that i Want to buy the dip on heavy, potentially even we'll see what happens with tesla on rebound, but i was even thinking about diversifying a little bit from tesla into some of these other opportunities, because i think the numbers are just too good not to be looking at Certain buying opportunities right now anyway, thanks so much for watching we'll see in the next one goodbye.