Hey everybody, Rob Mauer here and today we are going to be talking about a couple more

leaked emails from Elon over the weekend.

We've also got news on the 4680 battery cell production, more news on Tesla factories,

the general markets of course with the tough day in the markets today, and a few other

items as well.

We'll start with the markets, obviously Tesla down, 7% today, 7.1% closing at $647.21

down about $50 per share, following the NASDAQ which was down 4.7% so with Tesla's beta kind

of what you would expect for the day from Tesla, and certainly a number of other stocks

faring in this same sort of ballpark, definitely not the most fun environment.

As we can see here, we're breaking out our worst performances of the last two years chart,

and this is the fourth worst day for the NASDAQ in the last two years and you can see

these other teal highlights on here.

Or five of the worst six days in the last two years have come in the last two months,

so definitely been rough and that has continued and just for context here is the worst

days of the last five years.

So I know no one really likes looking at those charts, I don't either, but it is definitely

helpful context especially when we think about Tesla's individual movements there as well.

Of course as we have talked about a pretty big week this week, tomorrow we will have the

producer price index published, so that will be the counterpart of the CPI that we talked

about on Friday, it looks like the forecast right now is for a 0.8% increase, that would

be a month of a month, so we'll see how that comes in and then of course on Wednesday,

what everyone's watching for this week, the FOMC meeting and the interest rate decision.

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