markets

Claire Yubin Oh1/5/26

Tesla trades higher after Musk has “lovely dinner” with President Trump

Tesla is up about 1.5% in premarket trading on Monday, as Elon Musk and President Trump start 2026 as they began 2025 — hanging out and being buddies, with Tesla’s CEO writing about his “lovely dinner” with Donald and Melania Trump over the weekend.

Considering Musk posted on X that “2026 is going to be amazing,” alongside a photo of him dining at Mar-a-Lago, the dinner appeared to be an indication that the Tesla CEO and Trump are back in one another’s good graces after a very public falling-out last year.

Better ties with the head of the US government is outweighing any negative sentiment about Tesla’s China business, after an update from China’s Passenger Car Association on Monday confirmed that Tesla’s shipments in the region dropped in 2025, down 7% from a year earlier to 851,732 vehicles.

Though Tesla’s December 2025 sales figure in China was actually solid, up 3.6% compared to December 2024, the year as a whole was a tough one for Tesla’s core business, as it ceded its crown as the world’s biggest EV maker to China’s BYD. Indeed, on Friday Tesla announced that its annual deliveries had dropped for a second straight year, in contrast to BYD’s 28% jump in EV annual sales last year.

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markets

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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