Hey everybody, Rob Network here and today we are going to be talking about the announcement

of Tesla's new Energy Storage Factory in China, we also have another round of price

cuts from Tesla in the United States and a design studio update, we got new China sales

information and update on the Cybertruck and more.

Tesla Stocks starting a week off down 3.10% to $184.51, while the NASDAQ was essentially

flat on the day.

So not too bad of a performance despite the price cuts that we had from Tesla will start

off with those, Tesla probably a little bit strategic in the timing of that, making those

changes on Thursday evening heading into a long weekend with the stock markets closed

on Friday, gives people time to digest that before maybe overreacting a little bit in

the market.

But if we break out our price tracking table, we can see the extent of these changes.

So pretty simple, $1,000 price cuts for Model 3, $2,000 price cuts for Model Y, $5,000 price

cuts for the S and the X.

So decent-sized price cuts were probably talking 3 to 4% across the lineup, probably

not too surprising for the S and the X we've been talking about that inventory position

quite a lot throughout the quarter.

As we can see here, the base versions of those vehicles still $5,000 more expensive than

they were immediately following the refresh, though the planned version for both is now

$15,000 cheaper.

As for the Model 3 and the Model Y, maybe not quite as surprising with the Model 3 as we've

talked about a lot of inventory that Tesla has had there, but Tesla does still have the

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