Hey everybody, we're here. Welcome back to Tesla Daily. Today we're of course going

to go through some of Tesla's pricing updates the last couple of days. We've also got

more clarification on the changes to the EV tax credit coming at the beginning of next

year, news on the cyber truck, China sales, and a few other items as well.

Alright, checking in on the stock since we left off on Thursday, actually it's been

pretty stable. Tesla today down a third of a percent closing at $259.67, the Nasdaq

up about a third of a percent, and this follows Tesla moving less than a dollar on a Friday.

Both of these trading days coming after Tesla updated prices on the Model 3 and the Model

Y in the United States. That happened late on Thursday, so let's quickly catch up on that.

Looking at the price change table, we can see that the Model 3, rear-wheel drive and

long-range versions have been reduced by $1250, the performance by $1,000 more so $2250,

with the base prices now running between $39,000 and $51,000 on the Model 3.

For the Model Y, of course we had previously talked about the introduction of the rear-wheel

drive version, taking that opening price point slot at $43,990. Now, Tesla has cut the

price on the long-range and the performance Model Y by $2,000 a piece, which will narrow

the gap between the rear-wheel drive and those other trims, which will obviously affect

the mix between those versions. So, more price cuts, obviously we'll have to wait and

see what happens with costs, especially here in Q4 as Tesla's production should be

significantly higher than it was in Q3, certainly. So, just from economies of scale,

better utilization, Tesla should see lower cost per unit in the fourth quarter,

plus any improvements in efficiencies, any impacts of raw materials and things like that,

setting aside some of the impacts that we may see from things like ramping highland,

...