Electric vehicle showdown continues and Tesla has taken more than a few hits from Chinese competitor BYYD. The European Automobile Manufacturers Association reporting Tesla's European sales slip 40% year-over-year. BYD, meanwhile, saw 225% annual jump.They're new to the market, Dan Nathan. So, they're going to have these bigger numbers because they're new. But I heard you on the 4pm show with John Fort with John Fort 1 out west that Tesla's best days are behind it.in EVs. I mean, so if you're buying the sto ...

Core Viewpoint - Tesla has experienced a significant technical breakout, with shares rising 12% in the past three sessions, indicating a return of bullish momentum after a period of consolidation [1][2][3] Technical Analysis - The stock had been in a tightening pennant formation for nearly three months, leading to a decisive breakout above the upper trendline [1][2] - The recent price action has pushed Tesla above July's high, suggesting a shift in momentum [3] Fundamental Analysis - Tesla's recent quarterly earnings report showed improved fundamentals, with revenue contraction being less severe than expected, improved margins, and earnings per share exceeding consensus estimates [4][5] - The company is recognized as one of the most resilient players in the electric vehicle sector, despite facing intense competition and macroeconomic challenges [5][6] Analyst Ratings and Price Targets - Wedbush Securities has reiterated a $500 price target for Tesla, suggesting a potential upside of nearly 50% from the current price of $339.38 [7][8] - The average 12-month stock price forecast is $303.31, indicating a downside of 10.63% from the current price [7] Market Context - Broader market conditions are favorable for Tesla, with major equity indices near all-time highs and a strong risk appetite among investors [12] - The current market sentiment is more supportive compared to earlier in the year when high-multiple stocks faced selling pressure [12] Resistance Levels - The $360 level, where Tesla peaked in May and June, is identified as a critical resistance point; breaking above this level could lead to further upward movement towards the $400 area [13]

Core Insights - Nio and Rivian are two prominent players in the electric vehicle (EV) industry, each taking distinct approaches to achieve success in the market [1]. Company Strategies - Nio is focusing on redefining electric vehicle success through innovative strategies and product offerings [1]. - Rivian is also pursuing a unique path in the EV sector, emphasizing its own vision of electric vehicle dominance [1]. Investment Considerations - Investors are encouraged to consider the potential of both Nio and Rivian as they reshape the future of the electric vehicle market [1].

Core Insights - Lucid Group, Inc. (NASDAQ: LCID) experienced a significant stock price increase of 36% on Thursday due to a partnership announcement with Uber Technologies, Inc. (UBER) and Nuro [1] Company Summary - The partnership is expected to enhance Lucid's position in the electric vehicle market by collaborating with established companies in the ride-sharing and autonomous delivery sectors [1] Industry Context - The electric vehicle industry continues to attract attention and investment, with partnerships like this indicating a trend towards collaboration among tech and automotive companies to drive innovation and market growth [1]

Market Overview & Tariffs - US stock futures are in the red as new tariff threats from President Trump target Mexico and the European Union, following a 35% tariff on Canadian goods [3][4] - The European Union is considering delaying tariffs on US exports but is prepared with over 24 billion in tariffs on US goods if a deal isn't reached [4][5] - The US dollar is slightly up against the euro, while European stocks are declining due to tariff concerns [5] Alternative Assets - Bitcoin surpassed 122,000, reaching a new all-time high, up about 10% in the past week and over 30% this year [6] - US stocks linked to crypto are seeing pre-market gains, with Michael Sailor Strategy up about 2%, and Coinbase and Robin Hood up over 1% [7] - Silver is up over 33% this year, surpassing gold's 27% rise, trading near $40 per ounce, driven by safe-haven demand and tighter supply [15] Economic Data & Earnings - Inflation reports from the US and Europe are in focus, with the US core CPI expected to show a 29% increase over the prior year in June [8] - Analysts expect S&P 500 earnings to have grown by just under 5% over the prior year during the second quarter, marking the slowest pace since Q4 2023 [9] - Large banks like JP Morgan and Bank of America are reporting earnings, with expectations of trading revenue gains attributed to record trading after tariff announcements [9][10][11][12] Electric Vehicles & Tax Credits - The federal EV tax credit of $7,500 for new vehicles and $4,000 for used vehicles is set to expire on September 30th [38] - Chinese EV companies are releasing more electric SUVs, potentially weakening Tesla's position in the Chinese market [35][36] - Tesla is down about 08% and faces scrutiny due to Elon Musk's multiple leadership roles and the company's valuation being based on future technologies like robo taxis and humanoid robots [44][46][47] Federal Reserve & Interest Rates - Markets are pricing in just a 7% chance of a Fed rate cut in July, with Goldman Sachs expecting the first rate cut in September [53][54] - Some strategists warn the Fed may hold steady due to lingering inflation risks and tariff uncertainty, potentially pushing rate cuts to November or December [54][57] S&P 500 Outlook - RBC Capital Markets raised its year-end S&P 500 target to 6,250 from 5,730, reflecting a roughly flat return for the rest of the year [61] - Strategists are closely watching the tariff situation, with uncertainty surrounding its resolution potentially leading to market chop [63]