Daily Brief - Turning Point

TLDR: Tesla's stock rose 7% last week, with momentum possibly continuing if Q2 delivery of 430,000 vehicles meets forecasts, ahead of the anticipated Robotaxi Day.

Tesla just had one of its best weeks of the year, with the stock rising about 7% last week. This momentum could continue if the EV maker's upcoming sales figures meet or exceed expectations.

The company's Q2 deliveries, expected to be announced on Tuesday morning, are anticipated by analysts to total 430,000 vehicles for the quarter.

If Tesla reports improving demand, historical trends suggest the stock could climb another 6% over the next week. As interest rates fall, demand for EVs could rebound.

Additionally, Tesla's much-anticipated Robotaxi Day, scheduled for August 8th, could further boost the company's upward trajectory.

Market Movers: July Seasonality

Here is the 1 month seasonality of S&P sectors, based on 5 years of past data

1. Consumer Discretionary: 5.81%
2. Information Technology: 5.27%
3. Telecommunication Services: 4.91%
4. Utilities: 4.48%
5. Consumer Staples: 4.29%
6. Real Estate: 3.72%
7. Industrials: 3.67%
8. Materials: 3.62%
9. Health Care: 3.49%
10. Financials: 3.44%
11. Energy: -0.17%

Feedback: Updates to the Daily Brief

Thank you to everyone who provided feedback about the Daily Brief on Friday.

In response, we are implementing the following changes to the newsletter:

1. The Daily Brief will return to being human-written, but rest assured, the underlying research will still be AI-driven.
2. The Daily Brief will now be published only on Wednesdays and Fridays.
3. The daily Leading Indicators update will resume its regular schedule (subscribe to Pro if you’re interested in more frequent updates).

We’re excited to test these changes and appreciate your continued feedback as we roll out the program.