Hey everybody, Rob Mallorke here, welcome back to Tesla Daily, thanks for the patience

over the last day, wrapped up with that conference, and excited to cover a lot of news here over

the last couple of days, especially today.

So looking at the stock quick to start off, we've got down 3.9% on the day today, closing

at $186.92, NASDAQ down about 1.5%, so again, a little bit of an honor performance relative

to Tesla's beta yet again today.

I want to start off here with just a couple of macro news items from yesterday.

Of course, we had the producer price index, we're not going to spend as much time as usual

on this since we've got a lot to get through here.

But the producer price index, like the CPI or consumer price index, did come in below expectations

also by about 30 basis points or three tenths of a percent.

So it came in at 8% year over year, the headline number, also importantly, well, you can see

the nice little curve here, starts to show a pretty consistent downtrend for the CPI

numbers.

If we look at the core month over month change, we're seeing the same thing.

So that actually came in flat, so no increase month over month, again, versus that forecast

about three tenths of a percentage higher.

And same thing here, although it's a little bit less smooth of a curve when we look month

over month, the last five months in a row now, we have seen month over month declines.

So some really nice trends there for the producer price index, and of course, the

implications that that has for interest rate increases.

All right, the other thing that kind of happened in the macro yesterday, of course, the missile

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