Hey everybody, Rob Mauer here, and today we are primarily talking about Tesla's numbers

for August in China.

We've got data from the China Passive Jocar Association on both sales and production,

so we're going to talk about that.

And the implications of that for the rest of Q3, then we do have a couple of other items

as well.

Nice day for Tesla today, though, again, finishing up 2% on the date close at $289.26, although

the NASDAQ today was up 6% to 1%, I'm getting them the habit of saying the NASDAQ is down,

but up for the last couple of days, 6% to 1% today.

So let's get into the CPCA numbers.

So I think we're again exclusively reporting on these this month.

So not to bury the lead at all.

Production this month for Tesla in Shanghai was a record 76,605 vehicles.

That was about 20,000 Model 3 and just shy of 57,000 Model Y, previously the record

had been about 71,000 vehicles produced in June.

So we have seen Tesla set a new record at Shanghai.

Someone expected, but Tesla did have downtime during the quarter.

Remember the Model 3 line was down the first week, the entire first week of August.

Tesla for the rest of the month averaged 5,800 Model 3s per week.

So if we exclude that downtime, Tesla would have pretty easily been over 80,000 vehicles

in August and if we annualize that gets us really, really close to a million vehicles

per year in terms of the production rate.

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