Business headlines from the Apex backend, organized by sectors and major public companies for faster market scanning.
Second-quarter total U.S. vehicle sales fell to 549,200 units, Ford said, while Bronco logged record first-half sales and Maverick Hybrid set a quarterly record. Ford also pointed to software and commercial growth alongside ongoing model phase-outs.
THE APEX TIMES
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Tesla reported building 451,758 vehicles and delivering 467,762 in the second quarter, with Model 3 and Model Y accounting for most deliveries. The results marked Tesla’s best second quarter by raw delivery volume ever, even as the company faces a longer-term backdrop of softer EV demand.
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In new comments ahead of renewed USMCA talks, Ford’s chief executive argued that trade rules should make it easier for automakers that build more vehicles in the United States, and harder for those that sell primarily from imports.
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Across June, The Walt Disney Company hosted events with Blue Star Families, including a Toy Story 5 screening at Marine Corps Base Camp Pendleton, literacy programming at MacDill Air Force Base, and Star Wars studio visits for military-connected families.
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A new bearish call attributed to Michael Burry, best known for his 2008 housing bet, points to Tesla’s high expectations for Full Self-Driving software and its robotics push as potential pressure points.
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A report discussed on CNBC and later amplified by 24/7 Wall St. said Apple is exploring memory-chip sourcing from China’s CXMT. The allegation, if true, would raise new questions about how US memory makers compete when pricing pressure and trade restrictions collide.
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The report says Tesla used a bug-bounty effort to surface software flaws, then years later the same researcher allegedly recovered data that Tesla previously maintained did not exist.
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Rivian Automotive shares rose about 5% to around $18 on July 2, outpacing Tesla and Lucid in early trading, according to market coverage that pointed to the timing of the company’s latest quarterly release.
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Activist investor Elliott Investment Management has built a reported $4 billion stake in PepsiCo and is urging the food and beverage giant to alter how it operates, as the market weighs whether PepsiCo can translate those proposals into improved performance.
