Hey everybody, Rob Mauer here and today we're going to be talking a little bit about the

automotive market in China. We've also got an updated analyst note on Tesla from Jeffree's

news on Gigashang High, Tesla's expansion into Thailand and a couple of other items as

well.

Alright, so a couple of nice days here for the stock. Tesla today finishing up almost

7.5% to close at $707.73 while the NASDAQ was up 2.7% and just like that all of the

doom and gloom in the market over the last few days and weeks suddenly feels a little

bit lighter even though there's really nothing that is all that different from a couple

of days ago.

But the market always makes for an interesting psychological experiment so it's just something

to keep an eye on and notice which was essentially the point I was making a couple episodes

back.

Anyway, a couple other quick things on the stock. So first the GDP estimate as I mentioned

earlier this week that did come out so this is the second revision. There'll be one

more of the next numbers than a final but nothing too exciting from the second estimate. GDP

previously had been estimated at down 1.4%. Now it has been adjusted to down 1.5% for

the first quarter.

Then for Tesla specifically we also had an updated note today from Jeffree's, so Filipe

Hushwa.

He has lowered his Tesla price target from $1,250 before now to $1,050 but still has

kept evaporating on the stock. As for the price target decrease a lot of the notes seem

to center around Elon saying that quote, long held fears of disruption from inside of

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