While noise about further potential $TSLA price cuts rattled investors yesterday, we believe int rates will start falling in 2H as inflation winds down next week’s Fed 25bp hike notwithstanding. Meanwhile, we believe 2024 TSLA Street volume growth est (+27%E) should move sharply higher as 4Q Cytruck intro and M-3 Highlands launch drives interest in entire TSLA franchise, and $7,500 IRA credit becomes an instant rebate on 1/1/2024. In 2021, Model Y launch caused overall TSLA volume growth to accelerate from +36% in 2020 to +87% in 2021, blowing away ests. We see a similar halo effect on overall TSLA volume growth in 2024.