Hello and welcome to the Friday December 14th

2018 of Tesla daily on official Tesla podcast. My name is Rob Maower. Today we're talking

about new tariff news in China, updated short interest for Tesla, and a new bank initiating

coverage on Tesla stock. Tesla finally showing some weakness today in a tough macro environment, finishing the day down

2.94% to $365.71 cents as compared to the Nasdac down 2.26%. I can probably take the blame on that.

That seems to be how it goes when you are considering selling a portion of your position.

All right, so getting into the news then, probably the biggest news of the day coming from the China Ministry of Finance, which announced that they will be placing a temporary hold on the additional 25% import tariffs for U.S. made vehicles in China.

That temporary hold as it stands now will be for three months beginning January 1st, 2019.

Obviously negotiations are still ongoing so something may change here in the future

it's probably pretty likely that it would but for now the import tariff has dropped from

40% back to the original 15% that it was at previously.

The director of China's Automobile Dealers Association had something to say about this news saying

that quote, this is a good signal that China and the United States are on track to solve the trade war.

Carmakers might be ordering a large number of imported cars now."

With the temporary reduction in tariffs, Tesla has again lowered the prices for some Model S and Model X vehicles in China.

They didn't adjust pricing for the P100 D's for either Model S or Model X, but they did lower the prices of the Model S 75D by $5,900,

the Model S 100D by $15,200,

and the Model X 75D by $9,400.

On a percent change basis, those range from about 5% to around 11%.

I don't have the exact numbers on the pricing changes from last week,

but because Tesla had already reduced those

prices last week it makes sense why they aren't doing a full 25% reduction now

...