Hey everybody, Rob Mauer here. Welcome back to Tesla Daily. Today we've got a lot of

industry news to sort through, probably impacting Tesla stock, the performance that we saw

today. So we'll take a look at that, and we do have a few other items as well. But we'll

start there, Tesla down 4.8% today to start the week, closing at $197.36, the NASDAQ

1.1% today, almost 1.2%. So significant underperformance that deviation seemed to only increase throughout

the day, a little bit of a rebound towards the end of the day, but not the best day for Tesla today.

A lot of this, I think, being attributed to some headlines around Panasonic. They had their earnings

report today and talked about demand for batteries relating to EVs, and that is getting pulled in

with Tesla, of course. So here we can see the Reuters headline, Tesla falls as production cut by

battery supplier Panasonic, fans EV, demand fears. And then if we do actually look at some of these

things that Panasonic said on their earnings call, they specifically noted that 4 Tesla, or,

you know, not for Tesla specifically, but they said that the IRA, the inflation reduction act,

has a price ceiling up to $80,000, and since the high-end models exceed that level demand decreased.

So again, not saying Tesla specifically there, but obviously Panasonic works very closely with Tesla,

and that feeding into some of the headlines here, alongside comments from Panasonic.

However, as usual, if we take a little bit closer of a look here, this isn't quite the scenario

that seems to have been portrayed today, because if we look at Panasonic's release, they also say

that furthermore, the company decided to set the automotive battery business as the priority

investment area, and will proceed with management initiatives by taking into consideration

the revision and replacement of our business portfolio towards shifting to a growth phase.

So, okay, that sounds a little bit different than demand concerns, like we're seeing in the headline

from Reuters and other media today. And if we look a little bit closer, they've also kind of

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