Hey everybody, we're out of malware here and today we are going to be talking about

new data from the China passenger car association for Tesla in July.

This is really interesting because of course we did have the shutdown and now we're seeing

Tesla's production rates post upgrade.

Tesla has actually set a new production rate record with those July production numbers,

so we're going to go through those which I don't think have been published anywhere

except for on share left today, so it's kind of exciting to share that.

We're also going to talk a little bit about the CPI scheduled for tomorrow and then we

do have a couple other items as well.

So first off, Tesla stock today kind of following the markets down down two and a half percent

to close at $850 per share on the dot.

The NASDAQ today was down 1.2%, so pretty much what we'd expect from Tesla's beta on

the day today, not really anything driving it in particular.

Of course tomorrow, as we wait for the CPI report, all eyes are on that.

It seemed like today maybe the market was dropping a little bit in anticipation of that,

so let's just talk about what to expect.

We talked a little bit about this yesterday.

We were talking about the month of our month comparisons, so let's just look at year-over-year.

As we can see, inflation spiked back up for June at 9.1%, or the CPI number rather.

The consensus this time around is for an 8.7% increase, so that would be a decline from

what we'd seen in June as we look at the July number, still obviously quite high.

And then if we look at core inflation, so excluding energy and food, we've seen that continue

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