Ultime notizie per Curaleaf Holdings (OTC:CURLF) Azioni

Curaleaf Holdings

Curaleaf is headquartered in Wakefield, Massachusetts, and cultivates and sells medicinal and recreational cannabis in the US. The company has operations in 17 states. Its brands include Curaleaf, Select, and Grassroots. The company has made acquisitions that give it exposure to the growing European market, a unique feature among US multistate operators.

News

Reported Earlier, KKR Acquires Australian Agricultural Infrastructure Business ProTen From Aware Super; Financial Terms Not Disclosed

<ul>
<li>The Hamilton Lane Asia Private Assets Fund aims to offer private wealth investors a first-of-its-kind opportunity to tap into Asia's $3+ trillion private equity market1</li>
<li>Launch is the latest addition to Hamilton Lane's $11 billion2 global Evergreen Platform</li>
</ul>

HLNE

Reported Earlier, Hamilton Lane Unveils First Asia-Focused Private Markets Evergreen Offering, Tapping Into Region's $3T Private Equity Market

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk has praised President&nbsp;Donald Trump&nbsp;for his role in resolving the Gaza ceasefire, a development that could have significant implications for the region.
What Happened: Musk took to X early Wednesday to credit Trump for the Gaza ceasefire, which was facilitated by the mediation efforts of Qatar and Egypt. The truce was announced on July 2, following a 60-day negotiation period as per President Trump&#8217;s Truth Social post.
TSLA STOCK: <a href="https://www.benzinga.com/quote/TSLA">Check out Tesla&#8217;s stock price and how it&#8217;s trading today</a>
&#8220;Credit where credit is due. @realDonaldTrump has successfully resolved several serious conflicts around the world,&#8221; posted Musk
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Credit where credit is due. <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> has successfully resolved several serious conflicts around the world. <a href="https://t.co/0EyHHy5Gfo">pic.twitter.com/0EyHHy5Gfo</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1940280279631110257?ref_src=twsrc%5Etfw">July 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: This surprising diplomatic shift, as highlighted by Musk, comes on the heels of a proposed 60-day ceasefire in Gaza by Trump, with Israel&#8217;s agreement. The proposal was to be <a href="https://www.benzinga.com/news/politics/25/07/46212181/trump-says-israel-ready-for-60-day-ceasefire-in-gaza-hopes-hamas-takes-the-deal-because-it-wont-get-better">delivered to Hamas</a> by mediators from Qatar and Egypt.
This development also follows reports of Trump and Israeli Prime Minister&nbsp;Benjamin Netanyahu&nbsp;working <a href="https://www.benzinga.com/news/politics/25/06/46133523/trump-and-israels-netanyahu-working-on-plan-to-end-gaza-war-expand-abraham-accords-report">on a plan</a> to end the Gaza war and expand the Abraham Accords, with new countries joining the peace agreement. The plan would require Israel to commit to supporting a future Palestinian state. However, Netanyahu&#8217;s office had denied the report at that time.
In late June, Trump announced that the United States would engage in nuclear talks with Iran next week, following a series of devastating U.S. airstrikes that, according to intelligence officials, "severely damaged" Tehran's nuclear infrastructure and brought the 12-day Israel-Iran conflict to an end.
Meanwhile, Musk has been vocal about his displeasure with Trump&#8217;s &#8220;Big, Beautiful Bill,&#8221; which he believes does not represent the majority of Americans. He has <a href="https://www.benzinga.com/news/politics/25/07/46187403/elon-musk-is-unhappy-with-trumps-big-beautiful-bill-and-just-reminded-everyone-that-80-voted-for-a-new-party">even threatened </a>to launch an &#8220;America Party&#8221; if Congress approves the spending package.
Wedbush analyst Dan Ives also <a href="https://www.benzinga.com/markets/tech/25/07/46193084/tesla-stock-slump-tied-to-trump-musk-junior-high-school-friendship-gone-sour-says-dan-ives-but-predicts-it-will-settle-down">predicts a weak performance</a> for Tesla Inc. amid a fallout between CEO Musk and President Trump. The stock on Tuesday ended 5.34% lower after Trump said that without government subsidies, Musk would have to "close up shop and<a href="https://www.benzinga.com/markets/tech/25/07/46189226/tesla-stock-falls-nearly-5-in-tuesday-pre-market-whats-going-on"> head back home to South Africa."</a>
<ul class="wp-block-list">
<li>READ MORE: <a href="https://www.benzinga.com/markets/tech/25/07/46193084/tesla-stock-slump-tied-to-trump-musk-junior-high-school-friendship-gone-sour-says-dan-ives-but-predicts-it-will-settle-down">Tesla Stock Slump Tied To Trump-Musk &#8216;Junior High School Friendship&#8217; Gone Sour, Says Dan Ives — But Predicts It Will &#8216;Settle Down&#8217;</a> </li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

TSLA

Elon Musk Backs Trump Over Gaza Ceasefire Despite Public Spats: 'Credit Where Credit Is Due'

Reported Earlier, Jacobs Appointed Knowledge Partner To Reshape India's Industrial Landscape, Delivering Program Management For 12 Greenfield Industrial Smart Cities

President Donald Trump's relentless criticism of Federal Reserve Chair Jerome Powell is a calculated move to weaken the U.S. dollar, according to Ed Yardeni, president of Yardeni Research.
What Happened: Trump's attacks on Powell aim to pressure the Fed chair into cutting interest rates or resigning, allowing Trump to appoint a loyalist who would cut interest rates faster. This comes as he wants to devalue the dollar to boost U.S. exports and curb imports.
"Pounding Powell = Pounding the Dollar," Yardeni noted in his QuickTakes newsletter, highlighting Trump's strategy to achieve a weaker currency.
Yardeni explains that Trump has long favored a weaker dollar, and his current tactics target Powell's reluctance to lower the federal funds rate swiftly.
Powell's term as Fed chair ends May 15, 2026, but he could remain a Fed governor until Jan. 31, 2028.
However, with Fed Governor Adriana D. Kugler's term expiring Jan. 31, 2026, Trump could appoint an outsider like Treasury Secretary Scott Bessent, who has openly lobbied for the role.
<a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46186509/scott-bessent-on-replacing-powell-as-fed-chair-i-will-do-what-the-president-wants-plays-down-shadow-chair-speculations">Bessent previously suggested</a> a "shadow Fed chair" to undermine Powell's influence, an idea Yardeni called "terrible" for creating "market noise."
Despite Trump's pressure, Powell emphasized that any rate cut at the July 29-30 Federal Open Market Committee meeting would be data-dependent. However, any new Fed chair would need to persuade the 11 other FOMC voting members to align with their policy, a challenge that could temper Trump's ambitions.
See Also: <a href="https://www.benzinga.com/markets/forex/25/06/46175116/weaker-dollar-stocks-beneficiaries-foreign-revenue">Dollar&#8217;s Biggest Crash In Decades: These 7 Stocks Could Win Big</a>
Why It Matters: According to TradingView data, the U.S. Dollar Index Spot has fallen by 10.85% on a year-to-date basis.
With this YTD performance, the dollar has logged its <a href="https://www.benzinga.com/markets/forex/25/06/46175116/weaker-dollar-stocks-beneficiaries-foreign-revenue">worst first-half performance</a> since 1991, marking five straight months of declines, a streak not seen since 2017. 
Chatham House expert David Lubin, <a href="https://www.benzinga.com/government/regulations/25/04/44858165/policy-push-vs-market-pull-dollar-under-pressure-as-reserve-currency-may-be-called-into-question-amid-tariff-turmoil">in a note from April</a>, explained that this &#8220;policy push&#8221; from Trump‘s administration aims to weaken the dollar permanently against other currencies, hoping to reduce the trade deficit and attract manufacturers to the U.S.
However, Lubin strongly cautioned against this approach, arguing that &#8220;If the international monetary system cannot rely on the dollar's full convertibility, or its availability in a crisis, it is entering unknown territory.&#8221;
&#8220;Undermining the dollar's global status would not only transmit huge amounts of additional uncertainty to the global economy, but would be a needless act of self-harm for the U.S.,&#8221; he added.
Price Action: After hitting fresh records on Friday and Monday, on Tuesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, ended lower. The SPY was down 0.032% at $617.65, while the QQQ declined 0.84% to $546.99, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Wednesday, the futures of the S&amp;P 500, Dow Jones, and Nasdaq 100 indices were trading higher.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/07/46188237/bill-gates-is-betting-two-thirds-of-his-foundations-portfolio-in-these-3-stocks">Bill Gates Is Betting Two-Thirds Of His Foundation&#8217;s Portfolio In These 3 Stocks</a></li>
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Photo courtesy: Shutterstock

Politics

Trump Is Slamming Jerome Powell Because He 'Wants A Weaker Dollar,' Says Ed Yardeni: 'Pounding Powell = Pounding The Dollar'

AVAV

Reported Earlier, AeroVironment Upsizes Offerings, Prices 3,528,226 Common Shares At $248 Each And $650M In 0% Convertible Notes, Expecting $1.47B In Proceeds

AVBP

Reported Earlier, ArriVent Biopharma Prices Offering Of 2,482,692 Common Shares At $19.50 Per Share And Pre-Funded Warrants To Raise $75M

The units are expected to be listed on the New York Stock Exchange ("NYSE") and begin trading tomorrow, July 2, 2025, under the ticker symbol "EVACU."
Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments.

IPOs

EVACU

Reported Earlier, EQV Ventures Acquisition Corp. II Prices Upsized $420M Initial Public Offering Of 42M Units At $10 Per unit

President Donald Trump escalated trade tensions with Japan on Tuesday, threatening to impose tariffs of &#8220;30% or 35%&#8221; if no agreement is reached before the July 9 deadline.
What Happened: The threat represents a significant increase from Japan&#8217;s current 10% tariff rate on most exports, implemented during Trump&#8217;s April 2 &#8220;Liberation Day&#8221; when he imposed duties on trading partners worldwide, <a href="https://www.bbc.com/news/articles/cgeqrd0e9j7o">reported</a> the BBC.
Japanese automakers, including Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), currently face 25% tariffs on vehicles and parts, while steel and aluminum imports carry 50% duties.
&#8220;We&#8217;ve dealt with Japan. I&#8217;m not sure we&#8217;re going to make a deal. I doubt it,&#8221; Trump said, casting doubt on reaching an agreement before the 90-day negotiation window expires.
Japan&#8217;s automotive sector, which <a href="https://www.benzinga.com/markets/tech/25/06/46109160/japans-top-trade-negotiator-calls-trumps-25-auto-tariffs-unacceptable-amid-ongoing-talks">produces 3.3 million vehicles annually</a> in the U.S. and has invested over $60 billion domestically, faces mounting pressure. In June, Chief Trade Negotiator Ryosei Akazawa called the 25% auto tariffs &#8220;unacceptable,&#8221; emphasizing the industry&#8217;s contribution to 2.3 million American jobs.
Toyota has already announced $200 vehicle <a href="https://www.benzinga.com/markets/tech/25/06/46109160/japans-top-trade-negotiator-calls-trumps-25-auto-tariffs-unacceptable-amid-ongoing-talks">price increases starting in July</a>, directly attributing the hikes to tariff pressures. The company exports 1.67 million vehicles to the U.S. annually while manufacturing locally.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/equities/25/07/46212596/dow-jumps-400-points-as-senate-approves-tax-bill-investor-sentiment-edges-lower-but-fear-index-remains-in-greed-zone" target="_blank" rel="noreferrer noopener">Dow Jumps 400 Points As Senate Approves Tax Bill: Investor Sentiment Edges Lower, But Fear Index Remains In ‘Greed' Zone</a>
Why It Matters: Japan&#8217;s government reportedly responded with a 900 billion yen ($6.3 billion) <a href="https://www.benzinga.com/news/25/05/45609927/trump-tariff-countermeasures-japan-to-reportedly-roll-out-6-3-billion-emergency-fund-stimulus-as-early-as-tuesday">emergency stimulus package to counter tariff impacts</a>. The comprehensive relief program could reach 2.8 trillion yen ($19.7 billion), including local government spending, with 600 billion yen allocated for utility subsidies and 300 billion yen supporting distressed businesses.
Prime Minister Shigeru Ishiba&#8216;s administration faces pressure as parliamentary elections approach. Deputy Chief Cabinet Secretary Kazuhiko Aoki declined to comment on Trump&#8217;s latest threats Wednesday, stating Japan doesn&#8217;t respond to every U.S. official remark.
The escalation contrasts with Trump&#8217;s recent success with the United Kingdom, the only country securing preferential treatment under his tariff regime. The Trump-Starmer trade deal reduced <a href="https://www.benzinga.com/news/politics/25/06/46163327/trump-starmer-trade-deal-kicks-in-uk-luxury-cars-get-10-tariff-rolls-royce-engines-fly-duty-free-into-us">UK auto tariffs from 27.5% to 10% and eliminated aerospace duties</a>, benefiting companies like Rolls-Royce Holdings.
Trump originally pledged to sign 90 trade agreements during the tariff pause, but has <a href="https://www.benzinga.com/news/politics/25/06/46163327/trump-starmer-trade-deal-kicks-in-uk-luxury-cars-get-10-tariff-rolls-royce-engines-fly-duty-free-into-us">completed only the UK deal</a>.
Read Next:
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<li><a href="https://www.benzinga.com/crypto/25/07/46212510/gryphon-digital-surges-nearly-60-in-after-hours-trading-as-eric-trump-backed-american-bitcoin-merger-advances" target="_blank" rel="noreferrer noopener">Gryphon Digital Surges Nearly 60% In After Hours Trading As Eric Trump-Backed American Bitcoin Merger Advances</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Maxim Elramsisy / Shutterstock.com

Trump Threatens 35% Tariffs On Japan As Trade Deadline Looms: 'Not Sure We're Going To Make A Deal'

Democratic mayoral nominee Zohran Mamdani blasted President Donald Trump on Tuesday for what he called an authoritarian threat to arrest and deport him if he blocks federal immigration raids in New York City.
What Happened: "The President of the United States just threatened to have me arrested, stripped of my citizenship, put in a detention camp and deported — not because I have broken any law but because I will refuse to let ICE terrorize our city," Mamdani said in a statement.
&#8220;His statements don't just represent an attack on our democracy but an attempt to send a message to every New Yorker who refuses to hide in the shadows: if you speak up, they will come for you. We will not accept this intimidation.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">My statement on Donald Trump&#39;s threat to deport me and his praise for Eric Adams, who the President &quot;helped out&quot; of legal accountability. <a href="https://t.co/m7pNcT2DFS">https://t.co/m7pNcT2DFS</a> <a href="https://t.co/UcYakMx4lI">pic.twitter.com/UcYakMx4lI</a>
&mdash; Zohran Kwame Mamdani (@ZohranKMamdani) <a href="https://twitter.com/ZohranKMamdani/status/1940139061433241860?ref_src=twsrc%5Etfw">July 1, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Trump issued the warning hours earlier at the opening of a migrant detention center in Ochopee, Fla., nicknamed "<a href="https://www.benzinga.com/news/politics/25/07/46186965/trump-to-visit-alligator-alcatraz-migrant-detention-center-this-week-amid-deportation-push-report">Alligator Alcatraz</a>." Asked about Mamdani's vow to "stop masked ICE agents from deporting our neighbors," the president replied, "Well, then we'll have to arrest him." He added, "Look, we don't need a communist in this country, but if we have one, I'm going to be watching over them very carefully on behalf of the nation."
See also: <a href="https://www.benzinga.com/news/politics/25/07/46211326/one-big-beautiful-bill-passes-senate-with-jd-vances-tie-breaking-vote-trump-says-its-going-to-go-very-nicely-in-the-house">&#8216;One Big Beautiful Bill&#8217; Passes Senate With JD Vance&#8217;s Tie-Breaking Vote, Trump Says &#8216;It&#8217;s Going To Go Very Nicely In The House&#8221;</a>
Gov. Kathy Hochul condemned Trump's threat, saying on X, "If you threaten to unlawfully go after one of our neighbors, you're picking a fight with 20 million New Yorkers — starting with me."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I don&#39;t care if you&#39;re the President of the United States, if you threaten to unlawfully go after one of our neighbors, you&#39;re picking a fight with 20 million New Yorkers — starting with me. <a href="https://t.co/ZKWSuCuT1p">https://t.co/ZKWSuCuT1p</a>
&mdash; Governor Kathy Hochul (@GovKathyHochul) <a href="https://twitter.com/GovKathyHochul/status/1940153699768131787?ref_src=twsrc%5Etfw">July 1, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Mamdani was born in Uganda to Indian parents and became a U.S. citizen in 2018. His upset primary victory became official Tuesday when ranked-choice tallies showed him defeating former Gov. Andrew Cuomo 56% to 44%, propelling the self-described democratic socialist into a four-way November race that also includes incumbent Eric Adams, now running as an independent.
Trump had last week <a href="https://www.benzinga.com/news/politics/25/06/46162859/trump-threatens-to-cut-federal-funding-for-nyc-if-zohran-mamdani-doesnt-do-the-right-thing-as-future-mayor-if-he-does-get-in-im-going-to-be-president">issued a warning</a> that New York City's federal funding could be in jeopardy if Mamdani doesn't do the "right thing" if he wins the mayoral election. He also warned that any future mayor of New York must "behave themselves," or else the federal government will impose severe financial consequences.
Mamdani's victory in the Democratic primary for New York City mayor has sparked strong political reactions. Trump has <a href="https://www.benzinga.com/news/politics/25/06/46107353/trump-says-democrats-have-crossed-the-line-with-zohran-mamdani-bernie-sanders-elizabeth-warren-back-new-york-mayoral-candidates-grassroots-suppo">condemned the win</a> as a sign that the Democratic Party has veered too far left. Despite the criticism, prominent senators such as Bernie Sanders (I-VT) and Elizabeth Warren (D-Mass) have thrown their support behind Mamdani, citing his "grassroots" approach.
Image via Ron Adar on Shutterstock.com
Read next: <a href="https://www.benzinga.com/news/politics/25/07/46212181/trump-says-israel-ready-for-60-day-ceasefire-in-gaza-hopes-hamas-takes-the-deal-because-it-wont-get-better">Trump Says Israel Ready For 60 Day Ceasefire In Gaza, Hopes Hamas Takes The Deal Because It Won&#8217;t &#8216;Get Better&#8217;</a>

Zohran Mamdani Hits Back At Trump's Arrest Threats Over Potentially Blocking New York ICE Raids: 'Will Not Accept This Intimidation'

On Wednesday, Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>) agreed to pay $16 million to <a href="https://www.benzinga.com/general/entertainment/25/05/45676520/is-paramount-offering-millions-to-trump-to-end-60-minutes-lawsuit-report-says-opening-offer-has-been-made">settle a lawsuit filed</a> by President Donald Trump over a "60 Minutes" interview with then–Vice President Kamala Harris, but the company issued no apology or admission of wrongdoing.
What Happened: In a statement, Paramount said, "The settlement does not include a statement of apology or regret" and added that the $16 million would be directed to Trump's future presidential library, not paid to him "directly or indirectly," reported Reuters.
The lawsuit, originally filed in October, alleged that CBS deceptively <a href="https://www.benzinga.com/25/04/44793888/trump-attacks-60-minutes-for-unlawful-and-illegal-behavior-could-president-derail-merger">edited two versions</a> of the Harris interview to make her appear to give contradictory answers about the Israel-Hamas war, thereby favoring the Democratic Party during the election.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/46136541/elon-musk-backs-satya-nadellas-view-that-ai-must-produce-socially-useful-results-the-real-question-in-the-next-five-years-is" target="_blank" rel="noreferrer noopener">Elon Musk Backs Satya Nadella's View That AI Must Produce ‘Socially Useful' Results: ‘The Real Question In The Next Five Years Is…'</a>
Trump initially sought $10 billion in damages, later increasing the claim to $20 billion. The complaint, filed in Texas, accused CBS of violating the Texas Deceptive Trade Practices Act, a law typically used in consumer cases.
The case entered mediation in April. CBS had previously called the lawsuit "completely without merit" and sought to have it dismissed.
Why It's Important: The settlement follows earlier settlements, including a $15 million payout from ABC News, owned by Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) and a $25 million settlement from Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) over <a href="https://www.benzinga.com/news/legal/25/01/43325503/mark-zuckerbergs-meta-pays-trump-25-million-to-settle-lawsuit-over-facebook-instagram-ban-after-jan-6-riot-a-big-year-for-redefining-our-relationships-with-governments">his account suspensions</a>.
The timing also coincides with Paramount's pending <a href="https://www.benzinga.com/general/entertainment/24/09/40754610/paramount-to-be-controlled-by-worlds-sixth-richest-man-larry-ellison-how-helping-his-son-la">$8.4 billion merger</a> with Skydance Media, which requires FCC approval.
Price Action: As of this writing, Paramount's Class A shares were unchanged in after-hours trading at $22.70, while Class B shares slipped 0.08% to $13.15, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data</a>.
Benzinga's Edge Stock Rankings indicate that Paramount continues to show a steady upward trend over the short, medium and long term. However, despite its strong momentum, the stock's quality ranking remains relatively lower. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional performance details can be found here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02012110/Screenshot-2025-07-02-at-10.45.49%E2%80%AFAM.png" alt="" class="wp-image-969667" /></a></figure>
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/06/46127671/amazon-loses-top-ai-leader-in-high-stakes-talent-shuffle" target="_blank" rel="noreferrer noopener">Amazon Loses Top AI Leader In High-Stakes Talent Shuffle</a></li>
</ul>
Photo Courtesy: Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Entertainment

Legal

Tech

Media

PARA

PARAA

Trump Wins $16 Million Settlement From Paramount Over CBS '60 Minutes' Kamala Harris Interview — But No Apology Issued

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has confirmed that the company will introduce more affordable models to the lineup as sales figures continue to fall throughout various markets.
What Happened: "The accessibility of our products is fundamental to our mission," the EV giant said in its 2024 impact report on Tuesday.
The automaker then went on to confirm that it will introduce cheaper models in its lineup in 2025. "To further accelerate EV adoption, we are launching more affordable products in 2025," the company said.
However, it did not provide any further details about what the products could look like or if the products would be stripped-down versions of cars that are already available or new altogether.
<figure class="wp-block-image aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="562" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02010454/tsla-impact-1024x562.jpg" alt="" class="wp-image-969641" style="width:757px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02010454/tsla-impact-1024x562.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02010454/tsla-impact-300x165.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02010454/tsla-impact-768x421.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02010454/tsla-impact-1536x843.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02010454/tsla-impact-2048x1124.jpg 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Source: Tesla
Why It Matters: The news comes as Tesla has been facing declining sales for some time. Most recently, new data showcased that Tesla sales fell <a href="https://www.benzinga.com/markets/tech/25/07/46189042/elon-musk-led-teslas-european-woes-worsen-with-sales-down-over-60-in-sweden-and-denmark">more than 60%</a> in Sweden and Denmark.
The company's sales figures in <a href="https://www.benzinga.com/markets/tech/25/06/46162850/tesla-sales-in-canada-have-dropped-to-nearly-zero-says-researcher-expects-elon-musk-led-ev-giant-may-report-losses-starting-2026">Canada fell sharply</a>, too, with experts suggesting that the decline could be a result of CEO Elon Musk's political endorsements and close relations with U.S. President Donald Trump.
Elsewhere, veteran investor Gary Black predicted that Tesla's <a href="https://www.benzinga.com/markets/tech/25/07/46212611/gary-black-says-teslas-q2-deliveries-could-be-a-buy-the-news-event-i-believe-tsla-will-miss">Q2 delivery figures would disappoint</a> and fall below Wall Street estimates. He also said that Musk's key aide, <a href="https://www.benzinga.com/markets/tech/25/06/46132042/teslas-q2-sales-going-to-s-says-gary-black-after-tsla-north-america-and-europe-chief-omead-afshars-exit">Omead Afshar's departure</a> from Tesla also confirmed the poor sales figures.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="203" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02010524/TSLA-JUL-2-2025-1-1024x203.jpg" alt="" class="wp-image-969642" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02010524/TSLA-JUL-2-2025-1-1024x203.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02010524/TSLA-JUL-2-2025-1-300x60.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02010524/TSLA-JUL-2-2025-1-768x153.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02010524/TSLA-JUL-2-2025-1-1536x305.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02010524/TSLA-JUL-2-2025-1.jpg 1560w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Tesla scores well on Momentum, Quality and Growth metrics, but offers poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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Photo courtesy: Shutterstock

Amid Declining Sales, Elon Musk's Tesla Confirms New Affordable Models Will Be Introduced This Year

Macro Economic Events

Econ #s

Economics

Reported Earlier, Australia Retail Sales (MoM) For May 0.2% Vs. 0.3% Est.; 0.0% (Revised) Prior

Reported Earlier, Australia Building Approvals (MoM) Preliminary For May 3.2% Vs. 4.2% Est.; -4.1% (Revised) Prior

Figma Inc. has filed for an initial public offering, aiming to list its Class A common stock on the New York Stock Exchange under the symbol &#8220;FIG,&#8221; marking a significant step for the San Francisco-based design platform.
What Happened: The company, known for its collaborative browser-based tools used by major clients such as Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) and Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), reported robust financial growth ahead of its public debut. 
For the year ended December 31, 2024, Figma posted revenue of $749 million, a 48% increase year-over-year, and for the first quarter of 2025, revenue reached $228.2 million, up 46% from the prior year period. The company's compounded annual revenue growth rate over four years stands at 53%.
Figma's net income swung from $737.8 million in 2023—boosted by a $1 billion termination fee from the abandoned Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) merger—to a net loss of $732.1 million in 2024, largely due to one-time stock-based compensation expenses. However, the company returned to profitability in the first quarter of 2025 with net income of $44.9 million. 
Figma's platform is now used by 95% of the Fortune 500 and 78% of the Forbes Global 2000, reflecting its widespread adoption across industries. The company has rapidly expanded its product suite, launching features such as Dev Mode for developers, FigJam for ideation, and new AI-powered tools like Figma Make, which can generate functional prototypes from prompts. 
See Also: <a href="https://www.benzinga.com/markets/equities/25/07/46212596/dow-jumps-400-points-as-senate-approves-tax-bill-investor-sentiment-edges-lower-but-fear-index-remains-in-greed-zone">Dow Jumps 400 Points As Senate Approves Tax Bill: Investor Sentiment Edges Lower, But Fear Index Remains In &#8216;Greed&#8217; Zone</a>
Why It Matters: Its Net Dollar Retention Rate was 134% at the end of 2024 and 132% as of March, indicating strong customer expansion and retention. 
The IPO follows Figma's earlier attempt to be acquired by Adobe for $20 billion, a <a href="https://www.benzinga.com/news/large-cap/23/07/33353200/adobes-game-changing-20-billion-figma-acquisition-under-global-regulatory-microscope">deal blocked by regulatory authorities</a> over antitrust concerns. Figma's most recent <a href="https://www.benzinga.com/news/24/05/38893439/figma-sets-12-5b-valuation-in-new-equity-offering-falling-short-of-adobes-acquisition-offer">private valuation was $12.5 billion</a>, set during a secondary share sale in 2024. Founder and CEO Dylan Field will retain significant voting power post-IPO, due to Figma's multi-class share structure.
Figma's business model is subscription-based, offering tiered plans for individuals, organizations, and enterprises, with pricing tailored to different user roles and workflows. &nbsp;
The company plans to use IPO proceeds for working capital, product development, and potential acquisitions, while repaying certain outstanding indebtedness. Figma does not anticipate paying dividends in the near future. 
Read Next: 
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: M.oo / Shutterstock.com

ADBE

GOOG

GOOGL

MSFT

Figma Targets Wall Street Debut After $20 Billion Adobe Deal Collapse

While Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) have been moving sideways and offering traders little excitement, a cryptocurrency connected to the non-fungible token space has been quietly surging up the price charts.
What happened: Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based Pudgy Penguins (PENGU) soared 50% over the week, becoming the market's biggest gainer. The coin added over $350 million to its capitalization in this period.
The gulf between PENGU and the rest of the market could be gauged by the fact that the second-biggest gainer, Bitcoin Cash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bch/usd">BCH</a>), could only rise 6.79% over the last week.
Moreover, in the past 24 hours, PENGU was the only meme coin in the green
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46149584/why-crypto-investors-are-receiving-internal-revenue-service-warning-letters">Why Crypto Investors Are Receiving Internal Revenue Service Warning Letters</a>
The rally has been primarily driven by the Canary PENGU ETF filing, a first-of-its-kind investment vehicle that proposes holding PENGU tokens (80-95%) and Pudgy Penguins NFTs (5-15%).&nbsp;
The filing was submitted by Canary Capital, a cryptocurrency asset trading and management firm <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41243775/xrp-etf-buzz-increases-as-canary-capital-pursues-sec-for-greenlight-on-its-fund-will-the-g">that also seeks to list ETFs</a> tracking larger-cap coins like XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) and Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>)
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Canary PENGU ETF, the first and only spot pudgy penguin filing, just got its 19b-4 filing via CBOE. On clock soon. <a href="https://t.co/852jIPtuvF">pic.twitter.com/852jIPtuvF</a>
&mdash; Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1937990087238664385?ref_src=twsrc%5Etfw">June 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $107,894.79, up 1.38% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Photo Courtesy: Midnight In Summer on Shutterstock.com
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Why Has The Pudgy Penguins Token Shot Up 50% In The Past Week?

A comment made by a lawyer representing Elon Musk&#8217;s social media platform, X ,has ignited a fresh conflict between the tech giant and the Indian government.
What Happened: The lawyer, K. G. Raghavan, representing X, made a contentious statement during a court hearing in India. He stated that every &#8220;Tom, Dick, and Harry&#8221; government official had the authority to issue content takedown orders. This comment was made during a hearing on X&#8217;s challenge to a government-run website, which the company claims is a &#8220;censorship portal&#8221; allowing officials to issue content removal orders, <a href="https://www.reuters.com/legal/litigation/x-india-spar-over-lawyers-tom-dick-harry-remark-government-officials-2025-07-01/">reported</a> Reuters.
The Indian government, however, contends that the website is simply a means to promptly inform companies of their due diligence obligations. This remark has further fueled the ongoing dispute between X and the Indian government over content removal requests.
See Also: <a href="https://benzinga.com/news/legal/25/07/46211886/diddy-jury-deadlocked-on-racketeering-conspiracy-charge-as-verdicts-reached-on-sex-trafficking-counts-jurors-to-return-wednesday">Diddy Jury Deadlocked On Racketeering Conspiracy Charge As Verdicts Reached On Sex Trafficking Counts — Jurors To Return Wednesday &#8211; Benzinga</a>
India is a crucial market for Musk&#8217;s various ventures, including X, Starlink, and Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). The latter has been preparing to launch in India, with the Model Y already spotted being tested in Mumbai.
Why It Matters: This is not the first time X, previously known as Twitter, has been embroiled in a dispute over content moderation. In 2021, the company was at odds with the Indian government over non-compliance with legal orders to block certain tweets. Although X eventually complied, it remains entangled in a <a href="https://www.benzinga.com/news/24/06/39184541/elon-musk-says-freedom-of-speech-is-worth-fighting-for-after-australia-drops-legal-battle-against-x">court battle</a> related to this move.
Earlier this year, X faced a <a href="https://www.benzinga.com/markets/25/04/44601197/massive-data-breach-at-elon-musks-x-reportedly-exposes-data-of-millions-of-accounts-by-far-the-largest-social-media-breach-ever">massive data breach</a> that exposed the data of millions of accounts. This incident also further raises concerns over the security measures in place at X
Meanwhile, Musk&#8217;s other company, Tesla, is gearing up for its <a href="https://www.benzinga.com/tech/25/04/44833951/elon-musk-led-teslas-model-y-spotted-testing-in-mumbai-ahead-of-india-debut">India debut</a>, the outcome of this ongoing dispute could have significant implications for Musk&#8217;s business interests in India.
Read Next: <a href="https://benzinga.com/crypto/cryptocurrency/25/07/46206003/bitcoin-ethereum-xrp-dogecoin-dip-but-early-july-dip-buys-will-age-well-trader-says">Bitcoin, Ethereum, XRP, Dogecoin Dip But &#8216;Early July Dip Buys Will Age Well,&#8217; Trader Says &#8211; Benzinga</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Evolf on Shutterstock.com

Elon Musk's X Clashes With Indian Government Over 'Censorship Portal': Platform's Lawyer's 'Tom, Dick And Harry' Comment Sparks Dispute

Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) CEO Lip-Bu Tan is reportedly evaluating whether to stop marketing the company's costly 18A chipmaking process to outside customers, a move that could signal a major strategic pivot amid mounting financial losses and <a href="https://www.benzinga.com/tech/25/05/45335671/morris-chang-once-talked-about-how-intel-turned-down-his-vision-for-tsmc-fast-forward-to-today-and-the-taiwanese-chipmaker-has-outgrown-intel-in-market-value-by-hundreds-of-billions">fierce competition</a> from Taiwan Semiconductor Manufacturing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>)
What Happened: Tan has grown skeptical of continuing external sales of 18A and its variant 18A-P — advanced manufacturing processes that have cost Intel billions to develop, but have struggled to attract major customers, reported Reuters, citing two people familiar with the matter.
Scrapping the effort could trigger a write-off potentially amounting to hundreds of millions or more, the report said.
Responding to the publication, Intel declined to comment on "hypothetical scenarios," but said it plans to use 18A for its own upcoming chips, including the Panther Lake laptop processor expected in late 2025. Intel will also fulfill limited existing commitments to Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) using 18A.
See Also:&nbsp;<a href="https://www.benzinga.com/news/education/25/06/45983347/jensen-huang-gave-12-6-million-to-charity-then-nvidias-stock-made-it-billions" target="_blank" rel="noreferrer noopener">Jensen Huang Gave $12.6 Million To Charity, Then Nvidia's Stock Made It Billions</a>
"Lip-Bu and the executive team are committed to strengthening our roadmap, building trust with our customers, and improving our financial position for the future," the company told the publication.
Why It's Important: Tan is now shifting focus toward 14A, a next-generation process Intel believes may offer stronger advantages over TSMC's advanced nodes, the report added.
Discussions with the board could take place as early as this month, though a final decision may not come until fall.
The deliberations mark one of the most significant strategic inflection points for Intel under Tan's leadership. After posting an <a href="https://www.benzinga.com/25/04/44640394/tsmc-to-take-20-stake-in-joint-venture-with-intel-amid-us-chipmakers-struggles-with-188-billion-net-loss-in-2024-report">$18.8 billion loss in 2024</a>—its first unprofitable year since 1986—the company is under pressure to revamp its foundry business and regain technological leadership in a global chip race dominated by TSMC.
Intel's most recently reported quarterly revenue was $12.67 billion. For the full year ending December 2024, the company generated $53 <a href="https://www.benzinga.com/markets/tech/25/06/46058862/nvidia-intel-chip-stocks-ai-valuation-revenue">billion in total revenue</a>.
Price Action: Intel (INTC) shares rose 2.01% during Tuesday's regular session and edged up an additional 0.18% in after-hours trading, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>. The stock is up 13.01% year-to-date but has dropped 26.46% over the past 12 months.
Benzinga's Edge Stock Rankings indicate that INTC shows a solid upward trend in the short and medium term but trends downward over the long term. While its value ranking remains strong, its momentum score is weaker. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed performance data is available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02004926/Screenshot-2025-07-02-at-10.15.48%E2%80%AFAM.png" alt="" class="wp-image-969626" /></a></figure>
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Photo: Tada Images/ Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AMZN

INTC

Intel CEO Lip-Bu Tan Weighs Ending Marketing Of Expensive Chip Manufacturing As Losses Mount And Rival TSMC Surges Ahead: Report

With U.S. stock futures trading higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul class="wp-block-list">
<li>Wall Street expects UniFirst Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) to report quarterly earnings at $2.09 per share on revenue of $614.51 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. UniFirst shares gained 5.3% to $200.50 in after-hours trading.</li>
<li>The Greenbrier Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) posted stronger-than-expected results for the third quarter after the closing bell on Tuesday. The company posted quarterly earnings of $1.86 per share, beating market estimates of 98 cents per share. Greenbrier shares jumped 13.1% to $53.14 in the after-hours trading session.</li>
<li>Analysts are expecting Franklin Covey Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FC#NYSE">FC</a>) to post a quarterly loss of 4 cents per share on revenue of $67.49 million for the latest quarter. The company will release earnings after the markets close. Franklin Covey shares rose 4.7% to $25.25 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul class="wp-block-list">
<li>Constellation Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) posted weaker-than-expected earnings for its first quarter and affirmed its FY2026 earnings guidance. Constellation Brands reported quarterly earnings of $3.22 per share, which missed the analyst consensus estimate of $3.31 per share. The company reported quarterly sales of $2.515 billion, which missed the analyst consensus estimate of $2.554 billion. Constellation Brands shares fell 1.2% to $164.40 in the after-hours trading session.</li>
<li>Zenvia Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZENV#NASDAQ">ZENV</a>) is expected to post earnings for the first quarter after the closing bell. Zenvia shares fell 0.7% to close at $1.49 on Tuesday.</li>
</ul>
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Photo courtesy: T. Schneider / Shutterstock.com

Pre-Market Outlook

ZENV

Constellation Brands, UniFirst And 3 Stocks To Watch Heading Into Wednesday

Investor Gary Black, the managing director of Future Fund LLC, says that Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Q2 deliveries could miss estimates amid the company's Robotaxi plans in Austin.
What Happened: "Tomorrow's $TSLA 2Q deliveries could be a &#8216;buy the news&#8217; event, given low expectations going into the release," the investor said in a post on social media platform X on Tuesday.
He added that Tesla would miss delivery estimates calculated by the market. Black then predicted 370k deliveries for the company with a -17% YoY decline as opposed to Wall Street estimates of 385k deliveries and a -13% YoY decline.
Black also questioned whether people would focus on the numbers. " I'm not sure it matters as everyone is focused on if and when TSLA robotaxi can scale," he said before adding that the Robotaxi launch in Austin did have a "safety driver in the passenger seat and there were a few disengagements.
The investor also outlined how Elon Musk's close aide, Omead Afshar's departure from Tesla, "confirmed" the poor delivery figures in Q2.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Tomorrow's <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> 2Q deliveries could be a "buy the news" event, given low expectations going into the release. That said, I believe TSLA will miss expectations (my est 370K -17% YoY vs WS 385K -13% YoY), but I'm not sure it matters as everyone is focused on if and when TSLA… <a href="https://t.co/o3Ze2crzg5">pic.twitter.com/o3Ze2crzg5</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1940125596438454506?ref_src=twsrc%5Etfw">July 1, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The news comes as the investor had previously said that <a href="https://www.benzinga.com/markets/large-cap/25/06/46161226/gary-black-warns-tesla-q2-deliveries-will-disappoint-says-cheaper-models-could-cannibalize-sales-and-see-ideal-re-entry-22-below-current-levels">Q2 deliveries for Tesla</a> would disappoint and reiterated his stance that the planned cheaper models could cannibalize sales.
Tesla has been battling a sales slump for some time, with the company reaching record market lows in several regions throughout the globe. Tesla sales declined more than 60% in <a href="https://www.benzinga.com/markets/tech/25/07/46189042/elon-musk-led-teslas-european-woes-worsen-with-sales-down-over-60-in-sweden-and-denmark">Sweden and Denmark</a>, sales data released by researchers suggests.
Musk has also <a href="https://www.benzinga.com/news/politics/25/07/46189313/ross-gerber-says-elon-musk-enabled-the-president-as-trump-slams-tsla-ceo-over-subsidies-calls-out-tesla-boards-silence-on-absurd-attack">been at odds</a> with U.S. President Donald Trump over the latter's Big, Beautiful Bill, which aims to introduce a series of subsidy cuts and reiterates the President's <a href="https://www.benzinga.com/news/politics/25/06/45943245/trump-says-he-was-amazed-that-tesla-ceo-elon-musk-endorsed-him-despite-his-anti-ev-stance">anti-EV stance</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="203" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02000503/TSLA-JUL-2-2025-1024x203.jpg" alt="" class="wp-image-969576" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02000503/TSLA-JUL-2-2025-1024x203.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02000503/TSLA-JUL-2-2025-300x60.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02000503/TSLA-JUL-2-2025-768x153.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02000503/TSLA-JUL-2-2025-1536x305.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02000503/TSLA-JUL-2-2025.jpg 1560w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Tesla scores well on Momentum, Quality and Growth metrics, but offers poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
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Photo courtesy: Ken Wolter / Shutterstock.com

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