Hey everybody, we're out now and we're here. Welcome back to Tesla Daily. It's great

to be back and we've got a lot to catch up on, including news from GigaShang High, Brilin

and Texas, a new note from Morgan Stanley, news on FSD Beta, Tesla Energy and more. So

we're going to hop right into it and we'll start off with the stock, unfortunately not

coming back to the best day today for Tesla. The stock down 4.1% today, closing at $288.59

while the NASDAQ was down 1.4%, but a lot of high multiple companies today. Performing

similarly, of course there was news of a Tesla quote unquote recall today, but that's

an over-the-air update, a very minor firmware adjustment to improve some reactions to

object detection when the windows are closing. So I might save some pinched fingers, which

is great, but really not a big deal. I don't think the stock reacting too much to that

other than maybe some algorithmic trading off of those recall headlines and maybe that

has a little bit of an effect, but to any actual investors, obviously a non-story and

I don't think a major factor in trading today. I think today was more of a continued

reaction to the FOMC meeting yesterday, of course the interest rate raise, the summary

of economic projections release, we'll talk about that in a second, and then some of

the commentary from Fed Chairman Jerome Powell himself. So of course, as I'm sure most

are aware by now, yesterday the Fed did announce moving the target federal funds rate up

by 75 basis points to 3 to 3.25%, and Fed Chairman Jerome Powell's comments were not

that well received by the market as there was a decline in stocks following those comments

yesterday, which seemed pretty similar in tone to his jacks and whole symposium comments,

really echoing that they are going to continue to do what they believe they need to do to

get inflation under control. Powell said quote, we have got to get inflation behind

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