Hey everybody, we're out of malware here and while we do have quite a bit of news to

go through, I thought it would be worth spending some time today with how tough the markets

have been, sharing some of my thoughts on message really for Tesla investors as we work

through the period of time.

Also, of course, talk about the CPI report this morning, and then we've got a fair amount

of other impactful news on Tesla and we'll talk a little bit about earnings from Rivia.

Alright, so the NASDAQ today down 3.2% after the CPI report this morning came in higher

than expected.

We'll talk about that.

Tesla down 8 and a quarter percent to close at $734.

Now trading below 100 times, trailing 12 month gap earnings, this is the lowest price

to earnings ratio, of course, that Tesla has ever had.

That's also 64 times Q1's earnings annualized and if we look forward, so over the next 12

months, Q2 this year through Q1 next year, it's very possible that right now Tesla is

trading at less than 50 times the next 12 months earnings.

Now, if you're wondering why I keep talking about the earnings multiples, I would recommend

you go back and listen to part of a conversation I had with Pierre Ferrague back in November.

There's about a four minute segment of this that I think will be very helpful in understanding

that and that starts at 5.25.

Pierre talks for about three minutes there and then I give my thoughts at about 8 minutes

and 20 seconds in.

So I'll put a link to that in the description, but the gist of it is that a company that's

...