Hey everybody Rob now we're here welcome back to Tesla Daily today we are talking about

a possible new version of the model why that's shown up on the EPA website we've also got

quite a few comments from Elon Musk a new version of FSD beta a few updates out of China

and a handful of other items as well.

Looking at the markets obviously another tougher day today with the Nasdaq down 2%, significantly

more than the DAW which is flat Tesla on the day down 3.6% to $766.37 which is only a

couple of bucks above the lowest close so far this year.

So obviously the movement there is predominantly macro related we'll get into some of those

reasons throughout this episode but just something to keep an eye on as we go through this

week as we've talked about before the Fed is meeting this week that'll happen on Wednesday

or at least we'll get the outcome of the meeting on Wednesday so that'll determine

interest rate increases obviously a 25 basis point increase expected there I think the

rest of the commentary accompanying that will be more determinant of how the market perceives

this event that'll happen 2 hours before market close and again that's on Wednesday.

As far as other macro factors go there are new covid concerns in China we'll talk about

that a little bit later on in the episode then of course there are other supply chain

challenges costs are concerned and Elon actually tweeted about that over the weekend saying

that Tesla and SpaceX are seeing significant recent inflation pressure in raw materials

and logistics and that they are not alone.

Tesla was actually pretty significantly underperforming at market open and some people I think assuming

that that was because of some other Elon Musk tweets I'm sure most have seen it by now

obviously got a lot of attention but Elon saying this morning that I hear by challenge

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