Hey everybody, Rob Malware here and today we are talking about some interesting feedback

arising in the China auto market.

We've also got updates on Gigamexico, EV interest in general and of course the FOMC meeting.

Tesla stock on the day-to-day after hovering around flat for most of the day finished the

day down 3.25% to $191.15.

NASDAQ similar story declining to 1.6% late in the day, with the big story in the markets

today being the FOMC March meeting and the resulting changes which we'll talk about later

on.

First though we'll start off with some automotive and Tesla related news.

We do have a very interesting item out of China today, this covered by CNEV post, relating

to some statements made by the China Association of Automobile Manufacturers or CAAM.

We've talked pretty extensively about the volatility in the China auto market right now,

especially as it relates to sales numbers and pricing.

Tesla has been a major contributor to that volatility with price cuts in the fourth quarter

and then more significantly in the beginning of the year.

Not that this is solely driven by Tesla but this seems to have put some pressure on other

automakers and we have heard reactions worldwide to Tesla's price changes in varying different

degrees.

Now joining those voices is the CAAM, according to CNEV post, quote the hype about this

round of price cuts in China's auto industry should be cooled down as soon as possible

so that the industry can return to normal operation and ensure healthy and stable development

throughout the year.

...