EV sales are currently booming due to a last-minute rush before the federal tax credit expires on September 30, leading automakers to offer significant discounts. However, GM warns that these 'irrational' discounts will end once excess inventory is cleared, and demand is expected to slow down in the coming months. Meanwhile, Tesla is adjusting its Robotaxi operations in Texas to comply with new regulations, indicating a cautious approach to autonomous vehicle deployment.
Dow futures rose following a US-EU trade deal and extended China trade truce, amid a busy week of earnings from major tech giants like Microsoft, Meta, Amazon, and Apple, with focus on AI and Fed policy. Tesla is expanding its robotaxi service in San Francisco with safety drivers, while markets hit new highs and investors prepare for potential buying opportunities amid economic and geopolitical developments.
Dow Jones futures are slightly up after Google boosts AI spending and Tesla plans to launch a robotaxi service in San Francisco, amid a mixed stock market rally with new highs in the S&P 500 and Nasdaq, but concerns remain over Intel's earnings and broader market conditions.
Tesla's robotaxi launch in Austin has shown mostly smooth rides but also revealed issues like speeding, wrong lane driving, and phantom braking, raising concerns among experts about the limitations of a camera-only approach and the need for more comprehensive sensor data and training before scaling up.
Dow Jones futures and major indices show modest gains amid a mixed market, with Micron surging on strong earnings and guidance, Nvidia hitting a new high, and Tesla's robotaxi rally experiencing volatility. The market remains in an overall bullish trend, but some speculative stocks like Circle are sharply falling, prompting caution for investors.
Tesla launched its Robotaxi service in Austin, Texas, but early videos reveal it lags behind Waymo in safety and reliability, with incidents like sudden stops and wrong-side driving. While Tesla's service is limited and still developing, Waymo has been operating safely in San Francisco and Austin, with a much larger fleet and no safety monitors required. NHTSA is investigating Tesla's incidents, highlighting ongoing safety concerns in autonomous vehicle deployment.
U.S. stock futures are slightly down amid geopolitical tensions following the U.S. attack on Iran, while Tesla launches its robotaxi service, Northern Trust's shares rise on merger talks, Stellantis faces leadership changes and stock decline, and major insurers plan to streamline prior authorization processes.
This week in markets features the Fed's interest rate decision, key US economic data including retail sales and housing starts, and a potential Tesla robotaxi launch, amid geopolitical tensions in the Middle East and a holiday break for Juneteenth.
Dow Jones futures declined slightly amid ongoing U.S.-China trade negotiations, with a tentative framework announced. Tesla's robotaxi service is set to begin in Austin on June 22, boosting Tesla's stock. The market saw modest gains, led by Tesla and Google, despite some weakness in growth stocks. The upcoming CPI inflation report is highly anticipated, and tech stocks like Google are showing strength amid AI developments.
Recent market gains are potentially shaky due to ongoing trade tensions, tariffs, and economic uncertainties, despite strong performances in U.S. and Asian markets. Nvidia has regained its position as the most valuable public company, while Tesla prepares to launch its robotaxi service in Austin amidst increasing competition. Political developments in South Korea and corporate deal reactions also influence market sentiment.
Dow Jones futures rose sharply following Nvidia's strong earnings and a court ruling that declared Trump's tariffs illegal, with Tesla preparing to launch its robotaxi service in Austin. The market experienced a modest pullback after recent gains, influenced by geopolitical and regulatory developments, but key stocks like Nvidia and Tesla remain in focus for investors.
