Hello and welcome to the Thursday August 1st 2019 edition of Tesla Daily

unofficial

Tesla Podcast.

My name is Rob Maower.

Today we are talking about Inside E.V.

Estimates for the month of July, as well as a couple of stock related notes.

Tesla stock on the day today was down 3.21% to $233.85

This compared to the Nasdak down 0.79%.

There were a couple macro things going on the last couple of days.

Today specifically, Donald Trump announced

that the United States will add a 10% tariff on an additional 300 billion dollars of

Chinese imports. That tariff is scheduled to go into effect on September 1st. Of course, the market's reaction to this news was negative. In addition to making things from China more expensive for businesses in the U.S.

Any retaliatory tariffs applied by China on US imports to China, makes sales

there that much more difficult. Not a great situation and further heightens the uncertainty

in the market right now. That uncertainty played a role in the other major news that we got on

Wednesday, which was the US Federal Reserve lowering interest rates for the first

time in 11 years cutting interest rates by a quarter of a percentage point.

If you were following the market on

Wednesday, stocks dropped after this rate cut because of some comments that J. Powell,

the Federal Reserve Chairman, made, which alluded to a potentially more stable interest rate in the short term

than what the market was expecting. Powell saying, quote, we see this more of a

mid-cycle adjustment than the start of a rate cutting cycle, end quote. So that was why we saw the drop on Wednesday and then of course the tariffs

...