Hey everybody, Rob Mauer here. Welcome back to Tesla Daily. Today we are going to be

talking about the huge news that the Senate has passed the so-called Inflation Reduction

Act of 2022, which of course contains the huge updates to the EV tax credit here in the

US. We'll talk about if there are any changes to this version from the version we had talked

about previously. Then we've got a few pieces of factory news, some news on FSD Beta and

more. Looking at the markets, the trend of a strong start for Tesla, and then a decline

throughout the rest of the day continued today, Tesla peaking at around $915 per share,

falling to $871 to close the day up just three quarters of a percent, still outperforming

the NASDAQ, which was down a tenth of a percent on the day. Of course, for the market this

week, all eyes are going to be on the CPI report or consumer price index reports coming

Wednesday morning, and then we'll have producer price index or PPI on Thursday as well.

For CPI, it looks like the expectation is for a 0.2% increase month of a month, which

would be a decline from the month of a month increases we have been seeing. That would

be for the headline number, and then core CPI is expected to increase half a percent month

of a month. From a Tesla calendar perspective, we should be getting July sales data very

soon. Sounds like that is expected to be reported tomorrow morning in China at 10 a.m. Beijing

time, so that would be 10 p.m. Eastern tonight on Monday and 7 p.m. Pacific. Remember,

we had previously talked about how the CPCA was estimating that Tesla's wholesale sales

retail next port would be 30,000 for July. Remember that is different than production,

we should see production outpace, so I was expecting 40,000 before we heard that number

that's kind of the benchmark that I would put for production.

All right, let's move into the electric vehicle tax credit. Of course, this is being updated

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