Hey everybody, Rob now we're here and today we are going to be talking about some new

comments from Elon Musk on FSD Beta.

We've also got an interesting demonstration from Tesla on Powerwall installation, some

news on Tesla in India, and a couple other items as well.

Looking at the stock, rough day for the market's Tesla down 2.67%, closing at $254.11 while

the NASDAQ was down about 2.2% on the day.

So not too bad of an underperformance from Tesla given the beta, obviously a tougher day

in the markets today, probably largely stemming from, as I'm sure many people have heard

by now, the downgrade from Fitch of the United States long-term debt rating to AAA plus

from triple A. So they still have a stable outlook on this debt, but kind of interesting

to see this downgrade, they say that this reflects the expected fiscal deterioration over

the next three years, a high and growing general government debt burden, and the erosion

of governance relative to AA to triple A rated peers over the last two decades that

has manifested in repeated debt limit standoffs and last minute resolution.

So of course we had the debt ceiling drama happen recently, it's interesting that this

downgrade has happened, I think it's hard to argue with at least this summary point here,

but a little bit beyond the scope of what we're talking about here for Tesla daily, but

interesting nonetheless.

And then we did also have a jobs report number today that came in a lot higher than expected,

so that may have influenced a little bit of the reaction in the stock market today as

of course higher job growth might lead to a little bit more leeway for increased interest

rates from the Fed as we head into the next meeting, of course it'll be a while in September.

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