Hey everybody, Rob Mayer here. Welcome back to Tesla Daily. Today we have an assortment

of Tesla news to go through. We've got a downgrade on Tesla stock, an update on Tesla Power

Walls, a report on BYD and Tesla's partnership on batteries, and more. Right, looking at

the stock, Tesla today up 6.10% closing at $174.48 while the NASDAQ up almost half a percent.

So decent start to the week, all things considered with the macro news that we talked about

on Friday, which was of course the collapse of Silicon Valley Bank. Signature Bank this weekend

joining that collapse, the third biggest bank failure in US history. The Fed though on

Sunday releasing an update saying that all depositors at both of these banks will have

access to all their money, all their deposited money, even above the $250,000 insured limits

beginning today. So a backstop coming for those depositors, hopefully that minimizes any

disruption, hopefully that minimizes further panic for deposits at other banks. Obviously

bankruns can quickly degrade things. So the Fed quickly stepping in here, hopefully making

that situation much improved. I think probably the right thing to do. Very important to know

that this is the depositors that are being backstopped. It's not a bailout for investors

in these banks or anything like that. So they talk about shareholders, certain unscured

debt holders not being protected, senior management also being removed. So consequences, you know,

for the investors, consequences for management, but for the depositors, like we've talked about

a lot of startups, a lot of venture capital money with these banks. Hopefully that, you know,

doesn't cause a collapse of a lot of those companies. That being said, even with this backstop,

this has still affected rate expectations. So we talked about this going into last week.

And here we can see that the CME Group Fedwatch tool is now putting a 35% chance on no increase

at all. So this has dropped significantly from a week ago where we had a 35% chance almost of

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