Hey everybody, we're up now. We're here. Welcome back to Tesla Daily. Today, we are

going to be talking about another critical piece of the inflation reduction act that

should have pretty big implications for Tesla and others. We've got a couple of new

analyst notes, some factory updates, news on Tesla Energy and more.

Quick look at the markets which have continued to decline this week in NASDAQ starting the

week off down 1% on the day, Tesla down 1.1% to $284.82, so although it may not feel

like it, last few days Tesla has been holding up relatively well. Looking at the economic

calendar, it should be a little bit quieter week than last week of course with the Jackson

Hole Symposium last week. This week we've got some job reports, oil reports, PMI on

Thursday, but shouldn't be anything major from the Fed and we're still a couple of weeks

out from the CPI report for August.

Alright, I want to start off today by discussing a portion of the inflation reduction act that

we have not covered yet, but a section similar to the EV tax credits that will have a huge

impact on the EV industry and accompanying supply chain.

Big credit to Axios, who is the first source that I've seen picked up on this new information

that I think goes covered by CleanTechnica, then the limiting factor has done a video on

this as well. The latter couple raising the awareness in the Tesla community about this.

So apologies for not having covered this sooner, but what we're about to talk about here

is a big deal and that is the advanced manufacturing tax credit. Like we did for the EV tax credit,

I've gone through and pulled out the most important details of this section, which puts

billions and billions of dollars of credits on the table for battery production in the

United States. Alright, so right off the bat, it talks about the allowance of an advanced

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