Max Knoblauch6/1/26

Chinese EV makers’ sales mostly rebound in May, with Nio deliveries surging 62%

Several Chinese EV makers saw deliveries rebound in May, with Nio logging its best month of 2026.

Nio delivered 37,705 vehicles in May, up more than 28% from April and more than 62% from the same month last year. It launched its Onvo L80 electric SUV on May 15 and its ES9 SUV last week. Its US-listed ADRs were up about 3% in premarket trading on Monday.

XPeng ADRs climbed more than 4% premarket as it reported 3.7% month-over-month delivery growth from April. Its deliveries are expected to grow in June as it ramps up production of a new SUV.

BYD logged a 19% month-over-month sales hike from April. The company is rapidly boosting its overseas business to make up for flailing domestic sales, and that was reflected in its sales figures: overseas sales grew 80% from last year, while domestic sales fell 24%. Its ADRs were flat in premarket trading.

Li Auto dipped in premarket trading — its May sales were down 18% from last year and about 2% from April.

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J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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