Tesla (TSLA) shares remain in focus this morning after new data from Cox Automotive confirmed the automaker’s market share in the U.S. tanked last month to its lowest level since 2017. According to the automotive services provider, Tesla vehicles made up only 38% of nationwide EV sales in August. In comparison, the giant’s share in the U.S. stood at over 80% at its peak. More News from Barchart Tesla stock has been range-bound over the past four months. Versus its year-to-date low set in April, however, ...

J P M O R G A N Asia Pacific Credit Research 28 August 2025 Meituan (3690) Balance sheet deterioration + potential rating downgrade = move to Neutral Meituan's 2Q25 net profit dropped 90% yoy, as it ramped up consumer subsidies to fend off Alibaba and JD from a fierce food delivery competition. We expect the company to turn loss-making along with a deterioration in credit profile in 2025E/26E, as a result of (1) potential market share loss to Alibaba due to the latter's strong commitment to expand in the Ch ...