Hey everybody, we're out of malware here and today we're going to be talking about an

update on Tesla's production status.

At Fremont, we've also got some news at Gigatexys, some new emission standard proposals from

NHTSA, and a few other items as well.

Alright, looking at the stock, nice day for Tesla today, nice day for the markets, but

Tesla finishing up 4.20% to close at $266.44.

Well, the NASDAQ up 1.9% on the day, so I think a lot of it was Tesla riding the success

of the markets, not a whole lot of Tesla specific news today driving the beta that we may have

seen today.

But I think the markets overall probably reacting to pretty good news from the PCE report.

As we can see here, so personal consumption expenditures, dropping, continuing to drop

from where we have seen it over the last 12 months, now down to just below 3% year-over-year

increase in PCE on the headline number.

So nice to see that drop, that came in probably 10 basis points or so below expectations.

And then if we look at core PCE, we can see not as nice of a trend, but actually a pretty

big drop from last month's number, dropping from about 4.6% from the, what have been,

may report into 4.1% for the June numbers.

Now, obviously, these are coming out quite a bit after CPI, so we already had some pretty

good CPI numbers for June, and this kind of builds on that.

Nevertheless, didn't really change interest rate expectations for the September meeting.

Obviously, we're quite a ways out from those.

As Powell said, we're going to get a lot of economic data between now and then.

...