☕️ [Task Coins Giveaway] Daily Market Talk — Tesla Sold the Beat

Tesla delivered its best quarter ever (480,126 cars, 74k above estimates) and the stock fell 7.5%. The Dow hit an all-time high on the worst jobs print in years. And memory chips just completed a brutal two-day, 11% wipeout. Pre-holiday, but nothing quiet about it. Let's dig in 👇

📊 Quick Recap — What Moved & Why

🇺🇸 US — Good Quarter, Wrong Stock

🔑 Key Event: A split tape to close the short week. 📉 Dow 52,900 +1.14% (all-time high). S&P 500 roughly flat. Nasdaq -0.8%. The June jobs report printed at just +57k (vs ~110k expected), with April and May revised down a combined 74k. Labor force participation dropped to 61.5%, its lowest in 50 years outside of COVID. Markets read it as rate-hike risk fading; the Dow cheered. But the headline was Tesla (TSLA) -7.5% on a genuine delivery beat; the market had already priced in the good news, and the real questions (margins, robotaxi) don't get answered until July 22.

👀 Other to Watch

• Tesla (TSLA) -7.5% → Q2 deliveries 480,126 (+25% YoY, beat 406k est. by 74k), its strongest Q2 ever. Classic sell-the-news: the stock had rallied 12% into the print, and July 22 earnings must now deliver margins, energy profitability, and robotaxi progress.
• Apple (AAPL) +4.84% → ramped foldable iPhone "Ultra" production target to ~10M units (up from 7-8M), boosted by China memory waiver hopes easing cost fears around domestic chip suppliers.
• Robinhood (HOOD) +9% to $118.14 → launched Robinhood Chain mainnet with 24/7 tokenized stock trading, agentic AI investing, and global expansion including a Singapore licence.
• SanDisk (SNDK) -13% & Micron (MU) -5% → memory selloff hits Day 2; the sector is now down roughly 11% in two days. Burry publicly disclosed a short on Micron, calling valuations bubble territory.

🇸🇬 Singapore — Solid June, Watching July

🔑 Key Event: SG stocks had a strong June. MSCI Singapore Free SGD Index +4.5% on the month, backed by NODX exports surging +38.4% YoY in May and core inflation holding at a benign 1.4%. STI sits near 5,192, just off its June 23 record.

👀 Other to Watch

• SGX reform → custody enhancements kick in July 15; board lot reduction (100→10 for stocks above S$10) from October 5, covering 11 stocks that drove 35% of H1 trading.
• UOB (U11) → forecasts Q4 electricity tariffs down 7-8% on lower oil, welcome relief after Q3's 17% hike.
• iFAST Corporation (AIY) → treasury share sale (Jul 2).

🇭🇰 HK/China — BYD Runs, Tech Retreats

🔑 Key Event: HSI reportedly fell ~1.4% to around 23,055 on Jul 2, dragged by tech names carrying over Wall Street chip weakness. Alibaba reportedly slid near a 16-month low amid the broader tech selloff.

👀 Other to Watch

• BYD (1211.HK) → June overseas sales hit a fresh record of 175,349 units (+94.7% YoY), now over 43% of BYD's total monthly sales. Stock reportedly up sharply on the numbers.
• Kuaishou / Kling → Kuaishou's AI video model Kling reportedly closed a fundraising round of nearly $3B, one of the largest China AI funding rounds of 2026.

🌍 Other

• 🤖 OpenAI → reportedly proposed giving the US government a 5% equity stake (~$42.6B at its $852B valuation), structured like a sovereign wealth fund. If it sticks, every major AI firm inherits a new political variable.
• 💛 Gold → reportedly up ~2% as the weak jobs print boosted safe-haven demand and dialled back rate-hike fears.
• 🏛️ Fed/politics → Trump publicly told Warsh he "must do what he's supposed to do," stepping up pressure on an already cautious Fed. No rate move expected near-term.

📅 Key Events Tonight / This Week

• 🇺🇸 US markets early close at 1pm ET (~01:00 SGT Fri) · today Jul 3
• 🇺🇸 US markets CLOSED · Independence Day · Fri Jul 4
• 🇸🇬 SGX custody structure reform effective · Tue Jul 15
• 🇺🇸 Tesla Q2 earnings · Jul 22

💬 Tesla just posted its best delivery quarter ever (480k, beat by 74k) and still fell 7.5%. With margins and robotaxi progress not arriving until July 22, is the AI premium now fully priced in, or is this the dip to load up on?

👇 Drop your take (20+ words) & click "Repost" to earn 288 Task Coins ✨
🚫 No duplicates · ⏰ Deadline: July 3, 2026, 11:59 PM SGT

Not investment advice, just market talk 🙏