TSLA’s Worst Day Ever, $5B Raise Completed, Musk & Volkswagen, Delivery Wait Times (09.08.20)

➤ TSLA stock has its worst day in history, finishing trading -21%
➤ S&P announces index adjustments, but leaves Tesla and Zoom out of the S&P 500 index for the time being
➤ Tesla completes $5.0B capital raise through follow-on stock offering
➤ Elon Musk meets with Volkswagen CEO Herbert Diess in Germany, test drives VW ID.3
➤ Diess shares thoughts on the Tesla Model Y
➤ Elon Musk discusses Giga Berlin, says vehicle production from the factory will involve changes to the core structural technology
➤ Tesla plans to have up to 8 casting machines at Giga Berlin
➤ Model S, Model X, and Model Y US delivery estimated pushed out to 10-14 weeks
➤ Lucid Air unveiling September 9th at 4pm PST

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Disclosure: Rob Maurer is long TSLA stock & derivatives