Hey everybody we're up now we're here and today we are going to be talking about Tesla's

sales in Europe.

Some of that data is starting to come in and it is pretty interesting.

We also got more news on e-London Twitter, another new note from Morgan Stanley, and

then a couple of stories from other automakers GM and Honda, Volkswagen, a couple other

items as well.

Looking at the markets, basically the inverse of what we had seen on Monday, Tesla down

4.7% today to close at $1,091, 26 cents, the Nasdaq down 2.3% on the day, first the

Dow just down 8 tenths of a percent.

So like I had said with the big jump yesterday that felt a little bit more macro driven

than delivery report, driven and I think today's action kind of supports that same idea.

One of the macro factors today may have been comments made by Leo Brainerd who is on

the FOMC, federal open market committee.

She made some comments that implied that the Fed may be interested in faster interest rate

increases.

She said, quote, the committee is prepared to take stronger action if indicators of inflation

and inflation expectations indicate that such action is warranted.

End quote.

All right, seems like kind of a non-statement to me, basically saying that if there are indicators

that the action is warranted, we're prepared to take the action that is warranted, very

circular.

So I don't know, maybe this is one of those cases where people see a drop and then are

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