Tesla Earnings Outlook Slashed Despite Robotaxi Launch

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Good morning 👋

Here's the latest news I'm tracking today.

 📈 Stocks / Finance

Tesla Earnings Outlook Slashed Despite Robotaxi Launch

Tesla shares are down 20% YTD amid a 40% drop in Q1 net income and 9-point U.S. market share loss. Analysts cut 2025 and 2026 earnings estimates by 25% and 16%. Valuation now implies a PEG ratio over 10. A limited robotaxi rollout offers long-term upside.

Palantir Drops 9.4% as Index Rebalancing Hits Momentum

Palantir shares fell 9.4% Friday amid the Russell index rebalancing, despite no direct news. The S&P 500 reshuffle takes effect Monday. PLTR remains up 73% YTD, boosted by AI enthusiasm and government contract optimism, with a 99 Composite Rating and 5% ATR.

Stocks Hit Records Ahead of Key Jobs Data

The S&P 500 and Nasdaq closed at all-time highs, rising 3.5% and 4.1% last week, as markets priced a 93% chance of a Fed rate cut by September. June's jobs report, due Thursday, is expected to show cooling labor with 116K payrolls and 4.3% unemployment.

🪙 Crypto

Trump Endorsement Propels XRP to $150B Market Cap

XRP surged 30% to $2.60 after Trump announced its inclusion in the U.S. Crypto Reserves. Ripple unlocked 1B XRP but re-escrowed 700M. The price faces resistance at $3, with a potential target of $3.40. Market cap hit $150B amid strong demand and limited supply.

🌎 Global Economy

BIS warns world economy at “pivotal moment”

The BIS says trade tensions, geopolitical instability, ageing populations, climate and debt vulnerabilities are marking a "pivotal moment" of heightened uncertainty. Dollar is down ~10% this year; public trust in institutions is being tested.

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