Hello and welcome to the Wednesday November 28th, 2018 edition of Tesla Daily on

official Tesla Podcast.

My name is Rob Maower.

Today we don't have a whole lot of news to cover.

We'll talk about a couple things, but mostly I wanted to spend time

talking a little bit more about short interests

due to a couple questions that I got on Twitter since we've been talking

about that a little bit more recently.

The biggest news for today was probably actually at the macro environment level.

The chairman of the Federal Reserve, Jerome Powell, addressed the Economic Club of New York today,

and some of his comments in that speech were interpreted foolishly by the market.

Chiefly amongst those comments was Powell saying that interest rates right now are just

below a level that would be considered quote neutral for the economy that is

neither speeding up nor slowing down growth."

Now the reason the market interpreted that comment as being

bullish is because the Federal Reserve is expected to continue to raise

interest rates and this comment saying that they're only slightly below

neutral may hint at slower increases in interest rates than what the previous

expectations may have been. I won't go too deep on this because it's not the scope of this

podcast but generally lower interest rates is perceived as a good thing for the

stock market because it leads to less cost of borrowing, meaning businesses are more likely to borrow, to fund growth,

payments on debt are cheaper, that flows through to the bottom line,

...