Hey everybody Rob Bauer here and today we are talking about a possible leaked image of

Tesla's expected upcoming Model 3 update also known as Project Highland.

We've also got some new information on the production rate for Megapack out of Tesla's

Megafactory in Blathrup and we'll take a look at today's PPI report and a couple of other

items.

So following that PPI report which we'll talk about in a second pretty strong day in

the markets the NASDAQ up about 2% on the day Tesla up almost 3% to $185.90.

Just like last month's report the producer price index or PPI came in below expectations.

The total index so the headline number came in at a 2.7% increase from last year which

was about 30 basis points lower than consensus expectations.

So really good to see that it's also the most significant drop from one month to the

next in year-ever year change for the PPI that we have seen in I don't know how long

at least the last couple of years.

Now obviously as we head into months that start to compare to significant increases in the

PPI last year it should be pretty expected for these year-over-year numbers to come down

pretty quickly.

We've talked a lot about that so perhaps more importantly is looking at the month of

a month changes that can give us a little bit better of a feel for how things would

look going forward if we were to annualize out those month of a month changes and for

the month of March headline PPI declined half a percent from February.

That is the biggest month of a month decline in almost 3 years.

The total index of course includes food and energy and those can be a little bit more

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