Akamai Shares Surge on $11.6B Anthropic AI Cloud Deal 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Tesla Semi Rollout Begins at Nevada Factory 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
OpenAI, Anthropic CEOs Summoned to Australia AI Inquiry 
Novo Nordisk Strikes €1.17 Billion Nanexa Drug Delivery Deal 
Solidigm Eyes $150 Billion IPO as SK Hynix Expands AI Storage Push 
Former OpenAI Data Center Chief Chris Malone Joins Nvidia 
US Stocks Face Jobs, Inflation Test as Fed Rate Hike Bets Rise 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Erste Group Plans Tender Offer to Boost Poland Bank Stake 
China Agrees to Buy 20 Million Tons of U.S. Coal 
EQT Plans €1.7 Billion Sale of Parques Reunidos Stake 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Add as a preferred source on Google
Tesla sold 8,621 cars in China in July, accounting for just 3.9 percent sales of battery electric vehicles in the country, down nearly 70 percent from its 12.6 percent share in June, according to the China Passenger Car Association.
Analyst Gordon Johnson said that Tesla overbuilt Chinese capacity when compared to domestic demand, which will result in further price cuts and margin pressure.
But Tesla investors seemed unfazed by the sales decline, with shares dropping less than 2 percent in early trading Tuesday.
Last month, Tesla exhibited that its declining numbers in China didn't stop it from posting better than expected global sales for the full quarter, according to Wedbush Securities tech analyst Dan Ives. He noted that its numbers in China had not been the best indicator of Tesla's success.
Nonetheless, Ives warned that if Tesla's sales in China don't improve, it could eventually face serious problems.
Meanwhile, the export of Tesla cars built at its Shanghai plant soared to 24,347 for July, compared with 5,017 in June.
