Stonks: Bezos vs Musk, $TSLA deliveries, and best market day

Jeff Bezos files complaint against Elon Musk to US government

• Reddit sentiment: negative

• Jeff Bezos (Blue Origin) filed a complaint against Elon Musk (SpaceX) to limit number of launches in Florida

• Blue Origin asked FAA to cap SpaceX's Starship (Ss-SH) operations citing concerns for local environment

• Feud between Bezos and Musk reignites in space industry

• Jeff Bezos, founder of Blue Origin, filed a complaint against Elon Musk's SpaceX to the US FAA

• Blue Origin has asked for a cap on SpaceX's Ss-SH launches in Florida due to environmental concerns

• SpaceX is building the Starship-Super Heavy, the largest and most powerful launch system

• Blue Origin also suggested compensation for potential losses and enhancing launch facilities

• Elon Musk responded by posting "Sue Origin" on social media

• SpaceX plans to launch the Starship once a year

Tesla reports 443,956 deliveries in second quarter, a 4.8% decrease from last year

• Reddit sentiment: mixed/positive

• Tesla's total deliveries in Q2 2024: 443,956 vehicles

• Tesla's total production in Q2 2024: 410,831 vehicles

• Tesla beat Wall Street estimates

• Tesla shares are down 16% in 2024

• Sluggish sales attributed to factory shutdowns, shipping delays, increased competition, and aging lineup

• Tesla offering discounts and incentives to boost sales

• Analyst recommends selling Tesla shares due to declining delivery growth

• Investor focus on Tesla's second-quarter earnings report and upcoming marketing event.

• Tesla reported 443,956 deliveries in the second quarter of 2024, which was a 4.8% decrease from the previous year

• Deliveries beat Wall Street estimates

• Tesla shares rose over 6% in premarket trading after announcing better-than-expected deliveries

• Sales decline was partly due to factors such as factory shutdowns, shipping delays, competition, and CEO Elon Musk's behavior

• Tesla has offered discounts and incentives to boost sales, including a zero-interest loan in China

• Wells Fargo analyst recommends selling Tesla shares, citing declining delivery growth and lower demand

• Investor focus will shift to Tesla's second-quarter earnings report and a marketing event planned for August, which will reveal the design for a dedicated robotaxi or "CyberCab"

The Wednesday, July 3 is historically the best market day for the next two and a half months.

• Reddit sentiment: mixed/positive

• July 3rd historically best day to be long

• July, especially first two weeks, historically good periods

• Big gap to close in $QQQ

• Pushing on $IWM options for next few weeks

• Opened short-term IWM call spread positions

• Will add to positions with weakness

• Encouragement for longs and use of historical data

Here’s some other headlines we couldn’t squeeze in:

• Salesforce shareholders reject compensation plan for CEO Marc Benioff, top execs

• Is Palantir just a "glorified" consulting company?

• Powell says Fed has made ‘quite a bit of progress’ on inflation but needs more confidence before cutting

• NVDA H20 Demand Stronger Than Expected - Morgan Stanley

• Former Wendy's CEO Joins Dutch Bros coffee

• $RIVN Rivian Accelerates Shipment of Delivery Vans to Amazon in Europe - EV

• Paramount hunts for a streaming partner, could kick off a wave of deals