Hey everybody, we're up now we're here and today we're going to be talking a little bit

about the macro environment with the core CPI report from March coming in.

Also talk a little bit more about the Shanghai shutdown and use both of those things as

an opportunity.

Do explore the question of how Tesla is currently handling their cash position.

We've also got more news on the Made in Texas Model Y, a couple other Tesla items, and

then updates from Honda and Toyota.

Alright, looking at the markets today, kind of an up and down day with the CPI report

coming out this morning.

We'll take a look at that in a second and then some Fed comments throughout the day.

The NASDAQ did fall off but recovered a little bit towards close, but still finishing

down 3% of a percent while Tesla was able to stay in the green most of the day and finish

up 1.1% so nice app performance to close the day at $986.95.

Alright, so looking at the CPI report or the consumer price index report from March,

this is very similar to the report for February and then it's a very mixed bag, so I'm positive

some negative, as we can see from the 12 month chart, this is the highest inflation

in the last 12 months and actually in the last 40 years since 1981, with the CPI rising

by 8.5% over March last year, which was already up about 2.5% over the previous year.

So as I've talked about for a few months now, we're starting to get into that period

where inflation started last year, meaning the bases are starting to increase for the CPI.

That really ramps up for April to June, so hopefully we'll start seeing a little bit

lower numbers on the year-over-year comparisons, but if we look at sequential growth and the CPI,

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