Hey everybody, Rob Mauer here and today of course we've got a couple of big items with

what's going on with the markets and a new round of Tesla price increases but we also

have quite a few other stories relating to Tesla's service, Tesla supercharging, more

on insurance, a little bit of news on the Tesla semi and a few other items as well.

Alright, so looking at the markets, the same old refrain, another tough day today with

the NASDAQ finishing down 4.1% and hitting a new 52-week low, Tesla and other high-growth

stocks fearing worse, Tesla down 8.5% on the day closing at $639.30.

So yet again we see a swift reversal to the immediate reaction to the Fed meeting.

Remember yesterday I had mentioned that this had happened after the last Fed meeting and

again we see that today with the NASDAQ going from up to 1.5% yesterday to down 4% today.

After the May meeting, the NASDAQ had closed up 3% and then declined 5% the following day.

So actually hit a little bit less volatility this time, but very similar in direction.

I'll even pull out my notes here from that May 5th episode.

We talked at the time about how CNBC didn't even really attempt to explain that reversal.

That's a rarity for them.

Yahoo Finance attributed it to a few hours of deep thought and we're basically seeing

the same thing again today CNBC quoted an investor as saying quote, investor sentiment

seems to only be able to focus on one thing at a time.

Yesterday the Fed delivered as people expected it was combating the consumer price index

data that was much higher than people expected and raised concerns about inflation being so

aggressive.

Investors are now remembering that the counter to this is a slowing of the economy.

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