Hey everybody, Rob Mauer here. Welcome back to Tesla Daily. Unfortunately, today, returning

to one of the worst days in the market in recent years, following the Consumer Price Index

report this morning will talk about that. Also got updates from Tesla's head of investor

relations and investor conference held by Goldman Sachs and some other news items as well.

Alright, looking at the market, it's actually a pretty fantastic day today for Tesla

as strange as it is to say, considering Tesla finished down at 4% to close at $292.13.

But of course, speaking relatively, the NASDAQ down 5.2%, so a horrible day in the markets

you've got companies like Apple finishing down 6%, Amazon down 7%, etc. And unfortunately

that means for the first time in a while, we get to break out our worst performances chart

again. So for the NASDAQ for the last 5 years, this is the 5th worst day. And if we shorten

that time horizon to the last 2 years, it's actually the worst day in that time period.

So this kind of volatility is why I've been circling this CPI report on the calendar

for a number of weeks now. The NASDAQ today pretty much giving up the entirety of its gains

from last week. Sometimes people question why I talk as much as I do about the macro environment.

Well, it's things like this, this affects what's going on with Tesla, whether it's day

to day the stock price performance or longer term things that can be a result of some of

these macro situations, obviously supply chain comes to mind. There, we'll talk a little

bit more about that later on. So it goes without saying but the Consumer Price Index report,

CPI report this morning was higher than expectations both on the headline number and on the core

number, the headline number, so including energy and food prices increased by 0.1% month

of a month in August, whereas July had been flat month of a month. So generally, a number

like that would be fine. 0.1 to 0.2% month of a month would get to that 2% annual number

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