Hey everybody Rob Maurer here and today we've got news on Tesla's production status in

China.

We've also got an update from Morgan Stanley after their visit with Tesla's investor

relations team.

We got the update from the Fed on their March meeting, possibly some new information on

that new model why that we had seen from the EPA and a few other things as well.

Alright so as we have been expecting Volatile Day in the markets today with that FOMC announcement,

the NASDAQ ended up finishing up 3.8%, Tesla up 4.8% to $840.23.

The whole market kind of ebbing and flowing around of the Fed announcements first, the release

of the meeting minutes and then Fed Chairman Jerome Powell's statement and Q&A.

We can obviously spend the whole entire episode talking about those things but we'll just

sit the highlights here so as expected the Fed did raise the federal funds rate by 25

basis points.

Remember there was a little bit of expectation that maybe that would be 50 basis points

earlier but that had kind of been quashed before now.

So nothing really unexpected with that action and then what's most important probably

from this is the expectations for the rest of the year and the FOMC does share the committee

members expectations for where interest rates are going to end the year at.

And as you can see there's a bit of a spread between committee members but they average

out to be between 1.75 and 2.0% versus the 0.25 to 0.50% that we're at now.

So that implies 6 more increases this year if they do happen 25 basis points at a time.

Now obviously that can and will change and that's something that will continue to watch

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