LIVE · THU, JUL 02, 2026 --:--:-- ET

Issue Nº 72 COST TOTAL $14657.53 ARTICLES TODAY 9 TOKENS TOTAL 9.30B

Running the wire

Market CoreWeave bonds slide as Meta plans competing in-house AI cloud infrastructure Market Chipmakers tank on oversupply fears as SK Hynix drops 14.6%, Samsung 9.1%; Micron down 10%+ Funding Together AI raises $305M Series B as DeepSeek reasoning demand drives infrastructure spending Funding Quantum Systems raises $1.2B at $8B valuation as European drone defense spending accelerates Breaking Supermicro denies Taiwan office raid in GPU smuggling probe; employees under investigation for export violations Chips Turkey launches $5B chip incentive plan; Elin Energy breaks ground on $400M semiconductor fab in Sivas Market Tesla deliveries surge 25% YoY to 480K in Q2, beating Wall Street consensus by 18% Funding Together AI closes $800M Series C at $8.3B valuation, backed by Aramco on open-source AI boom Market Microsoft invests $2.5B and 6,000 employees in new AI implementation unit (Frontier Co.) Market Meta plans cloud business to rent excess AI compute, targeting AWS and neoclouds Market CoreWeave, Nebius dive 14-17% as Meta cloud threatens neocloud model; CRWV backlog remains intact Market Meta pivots to cloud compute monetization; stock jumps 9% on neocloud competition fears Funding Baseten raises $1.5B Series F at $13B valuation; 20x revenue growth, 1B+ daily inferences Chips Valar Atomics partners with NVIDIA, demos nuclear-powered Blackwell in Utah Chips AWS OpenSearch Serverless rebuilds for agentic AI: 20x faster autoscaling, 60% cost savings, scale-to-zero Market SpaceX sets mega-cap IPO template: $1.77T valuation, 17% gain post-listing, fast index entry Funding Global venture funding hits record $510B in H1 2026, AI concentration peaks at 43% Market Leveraged AI/chip ETF assets double to $84B in two months; Goldman flags bubble risk as Tradr launches 5 new single-stock products Breaking Robinhood CEO: AI agents will match human traders in capability; crypto UK launch amid 28M-user expansion Chips Intel begins Bowers photomask expansion in Santa Clara; doubles down on EUV and High-NA reticle production Market CoreWeave bonds slide as Meta plans competing in-house AI cloud infrastructure Market Chipmakers tank on oversupply fears as SK Hynix drops 14.6%, Samsung 9.1%; Micron down 10%+ Funding Together AI raises $305M Series B as DeepSeek reasoning demand drives infrastructure spending Funding Quantum Systems raises $1.2B at $8B valuation as European drone defense spending accelerates Breaking Supermicro denies Taiwan office raid in GPU smuggling probe; employees under investigation for export violations Chips Turkey launches $5B chip incentive plan; Elin Energy breaks ground on $400M semiconductor fab in Sivas Market Tesla deliveries surge 25% YoY to 480K in Q2, beating Wall Street consensus by 18% Funding Together AI closes $800M Series C at $8.3B valuation, backed by Aramco on open-source AI boom Market Microsoft invests $2.5B and 6,000 employees in new AI implementation unit (Frontier Co.) Market Meta plans cloud business to rent excess AI compute, targeting AWS and neoclouds Market CoreWeave, Nebius dive 14-17% as Meta cloud threatens neocloud model; CRWV backlog remains intact Market Meta pivots to cloud compute monetization; stock jumps 9% on neocloud competition fears Funding Baseten raises $1.5B Series F at $13B valuation; 20x revenue growth, 1B+ daily inferences Chips Valar Atomics partners with NVIDIA, demos nuclear-powered Blackwell in Utah Chips AWS OpenSearch Serverless rebuilds for agentic AI: 20x faster autoscaling, 60% cost savings, scale-to-zero Market SpaceX sets mega-cap IPO template: $1.77T valuation, 17% gain post-listing, fast index entry Funding Global venture funding hits record $510B in H1 2026, AI concentration peaks at 43% Market Leveraged AI/chip ETF assets double to $84B in two months; Goldman flags bubble risk as Tradr launches 5 new single-stock products Breaking Robinhood CEO: AI agents will match human traders in capability; crypto UK launch amid 28M-user expansion Chips Intel begins Bowers photomask expansion in Santa Clara; doubles down on EUV and High-NA reticle production

Market Thursday, July 2, 2026 at 02:03 PM

Tesla deliveries surge 25% YoY to 480K in Q2, beating Wall Street consensus by 18%

Tesla reported Q2 2026 vehicle deliveries of 480,126 and production of 451,758, crushing Wall Street consensus of ~406,600 units and marking a 25% year-over-year jump from 384,000 units in Q2 2025. The beat also represents a 34% sequential gain from Q1's 358,023 deliveries, signaling Musk's turnaround effort after consecutive years of sales declines. Model 3 and Model Y units accounted for 97% of deliveries at 467,762 vehicles.

The rebound reflects multiple tailwinds: rising European gas prices from the Iran conflict drove EV adoption; Tesla launched cheaper Model 3 and Model Y variants; and Full Self-Driving (Supervised) entered some European markets. However, oil prices have since retreated toward pre-conflict levels, and U.S. consumer preference is shifting toward hybrids, signaling headwinds for H2. Tesla also benefited from related-party purchases: parent SpaceX bought $269 million in Tesla Megapacks for xAI data centers in April, part of broader capital allocation patterns that have seen SpaceX spend $131 million on Cybertrucks in 2025.

Tesla stock fell ~3% on the announcement, dragging to -5% year-to-date (vs. Nasdaq +12%), reflecting investor concerns about China competition, slowing EV demand in the U.S., and execution risks around Cybercab and Optimus production ramps. The company plans to begin Cybercab and Tesla Semi volume production in 2026 and hopes to deploy Optimus humanoid robots alongside phased discontinuation of Model S and X.

Why it matters: for AI infrastructure builders, Tesla's tightening economics (component cost inflation, margin pressure) and humanoid robotics bets create both risk and opportunity: demand for neural network inference accelerates if Optimus reaches volume, while capex constraints could slow GPU adoption unless robotics workloads justify premium inference costs.

Sources