Hey everybody Rob Merck here and today we are going to be talking about a couple of

updates on Gigamaxico's news on Tesla Megapack, UAW negotiations as they have commenced those

with the three major automakers in the US and a couple other items as well.

Looking at the stock, Tesla today up 1.30% close at $245.34, while the NASDAQ was up

1.10% on the day so a little bit of a nice outperformance from Tesla today.

First off we are going to look at the CPI that driving a lot of the macro movement today.

Of course we started off strong, Tesla and the general market, but faded a little bit

throughout the day.

That strong start probably driven by the consumer price index coming in a bit below expectations,

roughly 10 basis points depending on what metric you are looking at.

So the headline number was just below 3.2% for July, so that's down slightly up actually

from the prior month, but if we look at the month of a month comparison in line with

last month's increase.

And then for Core, that's still a little bit tricky to bring down, obviously Shelter

has been keeping that a little bit higher, but Core coming in at 4.7%, which is slightly

down a month of a month, and then are slightly down from last month, I guess more correctly

stated.

And then for Core of a month of a month, that is again up 0.2% a month of a month.

So lower than what we have seen, and getting closer to the range where the Fed might want

it to be in between that 0.1 to 0.2%, growth each month, which would annualize out to about

2%.

So not anything too crazy with CPI, but again nice to see it coming a little bit below expectations.

...