Good morning, you're listening to Markets Desk.
Tesla delivered four hundred eighty thousand one hundred twenty-six vehicles in its second quarter, blowing past Wall Street expectations and marking the company's strongest quarter in two years. The number signals that demand, while still under pressure, hasn't collapsed the way bears feared, and gives the stock a credible near-term catalyst heading into earnings season.
Shifting to trade, President Trump has imposed fresh fifty percent tariffs on Canadian imports, and Prime Minister Carney is choosing his words carefully, signaling openness to negotiations while stopping short of threatening retaliation. The warning shot from Ottawa, though, was pointed — these levies will raise costs for American families, and the agricultural and manufacturing supply chains running across that border will feel it quickly.
On the technology front, Beijing is now consulting Chinese companies on tightening export controls over its own artificial intelligence models and chips, an effort to prevent Western firms from acquiring advanced homegrown technology. This is a significant escalation in the tech cold war — not just the West restricting China, but China actively locking down its own crown jewels, reshaping how global AI development will be financed and shared.
That's the tape. Markets Desk, signing off the floor.
