TESLA STOCK DROPS FOLLOWING FED MEETING + FSD BETA 10.69.3 EXPANDS

EV Channels Review

This episode of Tesla Daily provides a comprehensive overview of recent market and company news. The primary focus is the Federal Open Market Committee (FOMC) meeting and its impact on Tesla's stock, which saw a significant drop following Fed Chair Jerome Powell's press conference. The transcript details the market's initial positive reaction to a language change in the FOMC statement, suggesting a potential slowdown in interest rate hikes, followed by a sell-off as Powell indicated that the ultimate level of interest rates would be higher than previously expected. The review highlights the FSD Beta 10.69.3 rollout to external customers, noting the update from older firmware. Other key news includes Nio suspending production due to COVID-19 measures in China, raising concerns for Tesla's operations, and Tesla closing its first store in China. Additionally, the episode touches upon Frito-Lay's plans for a Tesla solar array and updates on new Model Y suspension changes for improved ride comfort. The discussion on Northvolt re-evaluating factory plans due to the Inflation Reduction Act is also noted as a significant geopolitical and economic factor.