Hey everybody, Rob, now we're here, and today we're going to be talking about a topic

that has been in focus here over the last couple of weeks I would say, and that is electric

vehicle incentives.

We have changes here today in the UK, and we also have a new proposal being discussed

in the US.

We also have news on Tesla's assembly plant in the Netherlands, and some discussion

on competition.

First up, a quick look at the stock, the market roller coaster continues, Tesla finishing

down 6.9% today to $653.16, that compared to the NASDAQ also with the tough day today

finishing down 3%.

All the discussion here continues to seem to be about yields the 10-year jumped up overnight

to now about 1.7%, continuing the rise that we have seen this year, which so far has

been about 79 basis points.

Alright, so a couple of big EV incentive related stories for Tesla today capturing a lot

of the attention in the news.

First up in the UK, the 3,000-pound grant for electric vehicles under 50,000 pounds

has been lowered to 2,500 pounds, and the cap is now at 35,000 pounds rather than 50,000.

This seemed to be a surprise to everybody today, and this squarely impacts Tesla with their

standard range plus Model 3 offering in the UK, starting at 40,490.

Per the times.co.uk, they had a source that told them, quote, we're ending the Tesla

subsidy.

Taxpayers should not be subsidizing people to buy 50,000 pound cars, end quote.

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