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Zillow Group Inc is an Internet-based real estate company that offers its customers an on-demand experience for selling, buying, renting, or financing with transparency and ease The group works with real estate agents, brokers, builders, property managers, and landlords to pair technology with top-notch service. The group has brands such as Zillow, Trulia, StreetEasy, Hotpads, Zillow Rentals, Zillow Premier Agent and others.

Russian President Vladimir Putin emphasized the historical bond between Russia and the United States during a recent interview, citing centuries of cooperation that began with America&#8217;s independence struggle.
What Happened: Putin told Russian television host Pavel Zarubin that the two nations &#8220;have always had, for a very long time, very good and special relations,&#8221; according <a href="https://tass.com/politics/1985945">to</a> Russian News Agency TASS. 
He specifically referenced Russia&#8217;s support during America&#8217;s Revolutionary War, stating &#8220;We supported their aspirations for independence from the UK. We actually supplied weapons. We helped them with money.&#8221;
The Russian leader also highlighted Moscow&#8217;s backing of the Union during the Civil War, noting, &#8220;Afterward, we supported the North during the North-South war.&#8221; Putin concluded, &#8220;So in this sense we found things that united us.&#8221;
The comments follow a July 3 phone call between Putin and President Donald Trump, where the Russian president congratulated the U.S. leader on Independence Day and discussed Moscow&#8217;s historical contribution to American statehood, according to the Kremlin.
The White House did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/news/politics/25/07/46268640/china-expresses-concern-to-eu-over-russias-potential-defeat-in-ukraine-conflict-amid-fears-that-trump-would-do-this-report">China Expresses Concern To EU Over Russia&#8217;s Potential Defeat In Ukraine Conflict Amid Fears That Trump Would Do &#8216;This&#8217;: Report</a>
Why It Matters: This diplomatic outreach comes amid complex U.S.-Russia relations. Trump has oscillated between praise and criticism of Putin, recently calling him &#8220;absolutely crazy&#8221; after Russian <a href="https://www.benzinga.com/25/05/45604616/trump-blasts-putin-as-absolutely-crazy-after-deadly-russian-airstrikes-on-ukraine-signals-possible-shift-toward-tougher-sanctions">airstrikes on Ukraine in May</a>. 
The president has also signaled the potential for tougher sanctions on Russia while simultaneously <a href="https://www.benzinga.com/25/05/45604616/trump-blasts-putin-as-absolutely-crazy-after-deadly-russian-airstrikes-on-ukraine-signals-possible-shift-toward-tougher-sanctions">pushing for ceasefire negotiations</a>.
Intelligence cooperation continues despite tensions. Russian spy chief Sergei Naryshkin and CIA Director John Ratcliffe have agreed to maintain direct communication channels, with their last known <a href="https://www.benzinga.com/news/politics/25/06/46163974/russian-spy-chief-and-cia-director-ratcliffe-agree-to-call-any-time-amid-tensions-report">conversation occurring in March</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46268414/as-elon-musks-rift-with-donald-trump-deepens-former-google-executive-says-maga-and-tech-world-cant-thrive-without-each-other">As Elon Musk&#8217;s Rift With Donald Trump Deepens, Former Google Executive Says MAGA And Tech World Can&#8217;t Thrive Without Each Other</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: miss.cabul / Shutterstock.com

Global

Russian President Vladimir Putin Reminds Historic 'Special Relations' With US Against The UK: 'We Found Things That United Us'

The S&amp;P 500 and Nasdaq 100 indices have formed a &#8220;golden cross&#8221; on their charts, indicating the possibility of a &#8220;long-term bull market,&#8221; according to the experts.
What Happened: According to an iShares MSCI World ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URTH#NYSE">URTH</a>) chart, tracking the MSCI World Index shared by Barchart, global stocks have formed a &#8220;Golden Cross&#8221; for the first time since January 2023.
This comes as 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 the Nasdaq 100 index, respectively, also formed &#8220;golden crosses&#8221; on their charts.
Last time, when URTH formed a golden cross, where the 50-day moving average surpasses the 200-day moving average, the returns rose to 43% over the next two years.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Global Stocks just formed a Golden Cross for the first time since January 2023 &#x1f6a8; The last one sent prices soaring 43% over the next 2 years &#x1f4c8;&#x1f4c8; <a href="https://t.co/uEYq9lZZDC">pic.twitter.com/uEYq9lZZDC</a>
&mdash; Barchart (@Barchart) <a href="https://twitter.com/Barchart/status/1935138827716411718?ref_src=twsrc%5Etfw">June 18, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Historical data dating back to 1975 suggest that the formation of this positive technical indicator on the charts has led the S&amp;P 500 index 88% of the time higher over the next year.
The average return after a &#8220;golden cross&#8221; was 12.29% in the last 50 years, as per the data shared by Subu Trade.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The S&amp;P 500 has formed a &quot;Golden Cross&quot; (50 day moving average crossed above 200 day moving average). Here&#39;s every Golden Cross in the past 50 years, and what the S&amp;P did next: <a href="https://t.co/ARrLMwmsWp">pic.twitter.com/ARrLMwmsWp</a>
&mdash; Subu Trade (@SubuTrade) <a href="https://twitter.com/SubuTrade/status/1940071700609335571?ref_src=twsrc%5Etfw">July 1, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
A portfolio manager at Revere Asset Management, Connor Bates, shared QQQ&#8217;s chart and highlighted how the securities have trended upwards after the formation of this cross in the last five years/
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24QQQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$QQQ</a> Golden Cross. A look at what the markets did prior times in the past 5 years. <a href="https://t.co/E0OP3kRH2s">pic.twitter.com/E0OP3kRH2s</a>
&mdash; Connor Bates (@ConnorJBates_) <a href="https://twitter.com/ConnorJBates_/status/1937973364166922747?ref_src=twsrc%5Etfw">June 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Meanwhile, Ed Yardeni of Yardeni Research said in his QuickTakes note that &#8220;those &#8216;golden crosses&#8217; tend to be bullish breakout patterns, indicating the possibility of a long-term bull market.&#8221;
See Also: <a href="https://www.benzinga.com/markets/equities/25/07/46267993/lockheed-martin-tops-defense-peers-in-capital-efficiency-but-market-isnt-impressed">Lockheed Martin Tops Defense Peers In Capital Efficiency — But Market Isn&#8217;t Impressed</a>
Why It Matters: According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>, the SPY made a golden cross last week, and its current 50-day moving average of $587.15 was above its 200-day moving average of $582.68.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034141/SPY-Golden-Cross-Tech-Chart-1024x576.png" alt="" class="wp-image-974223" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034141/SPY-Golden-Cross-Tech-Chart-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034141/SPY-Golden-Cross-Tech-Chart-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034141/SPY-Golden-Cross-Tech-Chart-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034141/SPY-Golden-Cross-Tech-Chart-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034141/SPY-Golden-Cross-Tech-Chart.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Similarly, QQQ made a golden cross on June 23, and its current 50-day moving average of $515.59 was above the 200-day moving average of $503.23.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034158/QQQ-technical-glden-chart-1024x576.png" alt="" class="wp-image-974224" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034158/QQQ-technical-glden-chart-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034158/QQQ-technical-glden-chart-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034158/QQQ-technical-glden-chart-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034158/QQQ-technical-glden-chart-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034158/QQQ-technical-glden-chart.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
After the truncated trading week on Thursday, the SPY was up 0.79% at $625.34, while the QQQ advanced 0.98% to $556.22, according to Benzinga Pro data.
On Monday, the futures of the S&amp;P 500, Dow Jones, and Nasdaq 100 indices were trading lower.
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Photo courtesy: Shutterstock

Equities

URTH

Stocks Just Hit Rare Golden Cross For 1st Time Since 2023 — Here's What It Means For Investors

The United Arab Emirates authorities on Sunday dismissed reports circulating online that golden visas will be granted to digital currency investors.
What happened: The Federal Authority for Identity, Citizenship, Customs &amp; Port Security, the Securities and Commodities Authority, and the Virtual Assets Regulatory Authority said in a joint statement that the eligibility criteria for the so-called golden visas doesn't include digital currency investors.
"Eligible categories include real estate investors, entrepreneurs, exceptional talents, scientists and specialists, top students and graduates, humanitarian pioneers, and frontline workers," the statement read.
The three agencies urged the public and investors to be cautious and rely on official government websites and approved communication channels for reliable information.
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>
Why It Matters: The clarification comes after Toncoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TON</a>), a cryptocurrency project tied to social messaging giant Telegram, announced a <a href="https://ton.org/en/golden-visa">program </a>that gives users who stake their TON tokens a chance to secure a 10-year Golden Visa to the Gulf country.
Toncoin said users will have to stake $100,000 in TON, which will remain locked for three years, and pay a $35,000 processing fee.&nbsp;
Interestingly, when Binance (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>) founder Changpeng Zhao inquired about the legitimacy of the news, TON Foundation CEO Max Crown said that it was &#8220;definitely real.&#8221;&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Definitely real. DM me. &#x1f680;
&mdash; Max Crown (@crownmax) <a href="https://twitter.com/crownmax/status/1941884239252754610?ref_src=twsrc%5Etfw">July 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The TON Foundation didn't immediately return Benzinga's request for comment.
Price Action:&nbsp; At the time of writing, TON was exchanging hands at $2.81, slipping 2.81% 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>. 
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/news/politics/25/07/46267181/elon-musks-america-party-polymarket-users-bet-on-andrew-yang-mark-cuban-joining-new-political-front">Elon Musk&#8217;s America Party: Polymarket Users Bet On Andrew Yang, Mark Cuban Joining New Political Front</a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46148904/donald-trump-says-bitcoin-takes-a-lot-of-pressure-off-the-dollar"> </a></li>
</ul>
Photo Courtesy: alfernec on Shutterstock

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Are Cryptocurrency Investors Eligible For UAE Golden Visa? Here's What Authorities Are Saying

As AI assistants reshape how consumers search, shop and interact online, they stand to fundamentally disrupt Amazon&#8217;s lucrative retail media business, according to venture capitalist Joe Marchese.
Check out the current price of&nbsp;<a href="https://www.benzinga.com/quote/AMZN" target="_blank" rel="noreferrer noopener">AMZN stock here.</a>
What Happened: Speaking on the Risk Reversal podcast on Sunday, Marchese discussed the growing threats to retail media since the advent of ChatGPT and other similar tools.
Explaining the role of advertising and media in supporting online commerce, Marchese spoke about the dynamics of search and sponsored placements, and how that is &#8220;pure profit&#8221; for companies such as Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), which is expected to generate $60 billion in revenue through this medium in 2025, according <a href="https://www.warc.com/content/feed/amazon-retail-media-ad-revenue-to-hit-60bn-this-year/10620">to</a> research firm WARC Media.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46268037/after-microsoft-lays-off-9100-workers-xbox-executive-tells-fired-workers-to-turn-to-ai-for-mental-health-help">After Microsoft Lays Off 9,100 Workers, Xbox Executive Tells Fired Workers To Turn To AI For Mental Health Help</a>
This, however, is changing with the rise of ChatGPT and other AI assistants, since users no longer have to go through traditional search before making any purchase decisions.
&#8220;That doesn&#8217;t exist in a world where I just ask ChatGPT, ‘What are the best batteries to get? Okay, buy me those batteries,'&#8221; Marchese says.
Marchese warns that this disruption goes well beyond just Amazon and Google's search ads. &#8220;It's not just search at Google, it&#8217;s search everywhere,&#8221; he said.
Platforms such as DoorDash Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>), Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) and Instacart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CART#NASDAQ">CART</a>), with their up-and-coming retail media businesses, are just as vulnerable, according to Marchese.
&#8220;Every business that you think about,&#8221; he says, if they have an advertising business, which is a driver of profitability, then the extent to which it relies on people searching will determine just how much of a disruptor AI will be, since search doesn&#8217;t exist in the world of ChatGPT.
Why It Matters: More than a month ago, the CEO of Perplexity AI, Aravind Srinivas, said the same thing: &#8220;this is the first time in two decades that Google is extremely vulnerable,&#8221; citing its ultra-high-margin search advertising business as a <a href="https://www.benzinga.com/25/05/45536887/this-is-the-first-time-in-two-decades-that-google-is-extremely-vulnerableperplexitys-ceo-breaks-down-search-giants-margin-trap">strategic liability</a> in the ongoing AI arms race.
While AI is quickly emerging as a disruptor for one of Amazon&#8217;s most lucrative businesses, the company is successfully leveraging it to <a href="https://www.benzinga.com/markets/25/06/46003992/amazon-ceo-says-generative-ai-will-reduce-total-corporate-workforce">drive value for advertisers</a>, consumers and investors alike.
Recently, the company&#8217;s CEO, Andy Jassy, said that its AI offerings are currently being used by over 50,000 advertisers to plan, launch and optimize their campaigns on the platform. 
Price Action: Shares of Amazon were up 1.59% on Thursday, trading at $223.41, and are down 0.34% after hours.
<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="146" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07040802/Screenshot-2025-07-07-at-1.37.49-PM-1024x146.png" alt="" class="wp-image-974264" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07040802/Screenshot-2025-07-07-at-1.37.49-PM-1024x146.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07040802/Screenshot-2025-07-07-at-1.37.49-PM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07040802/Screenshot-2025-07-07-at-1.37.49-PM-768x109.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07040802/Screenshot-2025-07-07-at-1.37.49-PM.png 1532w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Amazon ranks well on Growth, and has a favorable price trend in the short, medium and long terms. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock. 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="AI's Assault on Search and Commerce with Joe Marchese" width="500" height="281" src="https://www.youtube.com/embed/xx5jNBazixA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Read More: 
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<li><a href="https://www.benzinga.com/news/topics/25/07/46266251/robert-kiyosaki-calls-ai-the-biggest-change-in-modern-history-he-warns-you-need-to-take-proactive-action-to-avoid-becoming-a-victim">Robert Kiyosaki Calls AI The &#8216;Biggest Change In Modern History.&#8217; He Warns You Need To Take Proactive Action To Avoid Becoming A &#8216;Victim&#8217;</a></li>
</ul>
Photo courtesy: Markus Mainka / Shutterstock.com

Tech

AMZN

CART

DASH

UBER

AI Assistants Could Break Amazon's $60 Billion Retail Media Business, Warns VC: 'It's Not Just Search At Google — It's Search Everywhere'

<h3>Companies Reporting Before The Bell</h3>
<h3>Companies Reporting After The Bell</h3>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Earnings Scheduled For July 7, 2025

Treasury Secretary Scott Bessent has cautioned that countries failing to negotiate&nbsp;a deal with the U.S.&nbsp;will face a return to higher tariff rates from August 1.
What Happened: During an interview with CNN on Sunday, Bessent echoed President Donald Trump&#8216;s comments from Friday, stating that the &#8220;reciprocal&#8221; tariffs, initially declared on April 2 and paused for 90 days a week later, will officially come into effect on Aug. 1.
Although the 90-day pause is scheduled to conclude on July 9, Bessent clarified that the new effective date does not represent a new deadline or an extension of the original timeline. He emphasized, &#8220;We&nbsp;are saying, this is when&nbsp;it&#8217;s&nbsp;happening. If you want to&nbsp;speed things up, have at&nbsp;it. If you want to&nbsp;go back to the old&nbsp;rate, that&#8217;s your choice.&#8221;
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<iframe loading="lazy" title="One-on-one with Treasury Secretary Scott Bessent" width="500" height="281" src="https://www.youtube.com/embed/ryyvAW52JhU?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
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&#8220;On August 1st, you will boomerang back to your April 2nd tariff level,&#8221; stated the Treasury Secretary.
President Trump will reportedly be sending letters to trading partners, warning that if progress is not made, they will face their April 2 tariff level from August 1. Bessent suggested that this move could prompt &#8220;a lot of deals very&nbsp;quickly&#8221;.
In another interview with Fox News, the Treasury Secretary added that Trump&#8217;s strategy has created &#8220;maximum leverage&#8221; before the deadline to strike a deal and that this move will likely prompt a flurry of negotiations in the coming days and weeks.
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/politics/25/07/46266316/donald-trumps-approval-rating-jumps-among-baby-boomers-heres-whats-driving-it" target="_blank" rel="noreferrer noopener">Donald Trump&#8217;s Approval Rating Jumps Among Baby Boomers — Here&#8217;s What&#8217;s Driving It</a>
Why It Matters: The looming tariff hike comes in the wake of President Trump&#8217;s earlier threats. On July 4, Trump announced that his administration would begin informing trading partners about <a href="https://www.benzinga.com/news/politics/25/07/46263399/trump-says-us-will-raise-tariffs-to-up-to-70-as-july-9-deadline-looms">new tariffs </a>on their exports starting from July 9, with tariffs scheduled to take effect on August 1. 
The new tariff levels could range from 10% to 70%, as part of Trump's strategy to favor straightforward agreements over complex negotiations.
Furthermore, on July 6, Trump threatened an additional 10% tariff <a href="https://www.benzinga.com/news/politics/25/07/46267477/trump-threatens-10-additional-tariff-on-all-brics-aligned-nations-says-tariff-letters-drop-at-noon-monday">on any country</a> aligning with BRICS' anti-American policies, escalating trade tensions as his July 9 deadline for comprehensive tariff restructuring approached. These developments underscore the U.S. administration&#8217;s aggressive stance on trade negotiations, with the potential to significantly impact global trade dynamics.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/markets/tech/25/07/46267944/tiktok-to-roll-out-new-us-app-as-trump-says-we-pretty-much-have-a-deal-report" target="_blank" rel="noreferrer noopener">TikTok To Roll Out New US App As Trump Says &#8216;We Pretty Much Have A Deal:&#8217; Report</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.

Scott Bessent Says Tariff Rates Set To 'Boomerang Back' In August For Countries Failing To Strike A Deal

Former DOGE advisor and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) investor James Fishback says that Elon Musk's decision to found a political party undermines investor confidence in the EV giant.
What Happened: "My investment firm has decided to postpone next week&#8217;s public listing of our Azoria Tesla Convexity ETF," Fishback said in a post on social media platform X on Sunday.
The investor says that Musk's decision to found a political party creates a "conflict with his full-time responsibilities as CEO of Tesla." He also said that the endeavor takes Musk's focus away from Tesla's employees as well as the investors.
He hailed the EV giant as the "most compelling investment" in AI with Optimus humanoid robots, Full Self-Driving and Robotaxi. He also said Musk's decision to leave DOGE and focus back on Tesla "renewed shareholder confidence."
"Unlike his work with SpaceX or xAI, which complement Tesla's R&amp;D efforts in AI, automation, and engineering, a political party not only fails to complement Tesla's mission—it actively undermines it," Fishback said. 
He also shared a picture of a letter he wrote to the Chair of Tesla's Board of Directors, Robyn Denholm, encouraging a meeting of the board members in regards to Musk's obligations to Tesla.
<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">Elon has gone too far. My investment firm (<a href="https://twitter.com/investazoria?ref_src=twsrc%5Etfw">@InvestAzoria</a>) has decided to postpone next week&#39;s public listing of our Azoria Tesla Convexity ETF. Our decision comes in direct response to <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@ElonMusk</a>'s announcement that he is launching a new national political party. This creates… <a href="https://t.co/d4pGCunY6l">pic.twitter.com/d4pGCunY6l</a>
&mdash; James Fishback (@j_fishback) <a href="https://twitter.com/j_fishback/status/1941694303278870923?ref_src=twsrc%5Etfw">July 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: The comments come in as Musk's decision has invited criticism from U.S. President Donald Trump, who called the America Party <a href="https://www.benzinga.com/news/politics/25/07/46266957/trump-calls-america-party-a-train-wreck-blasts-elon-musk-for-going-completely-off-the-rails-president-says-system-not-designed-for-a-third-player">a "train wreck"</a> in a post on Truth Social, which Trump owns.
Musk has also <a href="https://www.benzinga.com/news/politics/25/07/46267326/elon-musks-america-party-is-a-move-in-the-opposite-direction-says-dan-ives-analyst-gary-black-says-difficult-to-predict-impact-on-tesla-brand-short-term">been criticized by experts</a> like Wedbush Securities' analyst Dan Ives, who said Musk's decision was a "move in the opposite direction" for Tesla. Tesla's stock also <a href="https://www.benzinga.com/markets/tech/25/07/46267743/tesla-shares-fall-over-5-in-overnight-trading-as-elon-musk-jumps-back-into-politics">fell over 5%</a> during overnight trading following the row.
However, amidst this, Musk has rubbished reports of <a href="https://www.benzinga.com/news/politics/25/07/46267705/elon-musk-says-america-first-filing-false-and-has-been-reported-to-the-election-commission">an official filing</a> with the Federal Election Commission under the name America First, with Tesla CFO Vaibhav Taneja identified as the Treasurer.
<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="199" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07033124/TSLA-JUL-7-2025-3-1024x199.jpg" alt="" class="wp-image-974206" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07033124/TSLA-JUL-7-2025-3-1024x199.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07033124/TSLA-JUL-7-2025-3-300x58.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07033124/TSLA-JUL-7-2025-3-768x149.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07033124/TSLA-JUL-7-2025-3-1536x299.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07033124/TSLA-JUL-7-2025-3.jpg 1569w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Tesla offers satisfactory Momentum while scoring well on the Growth and Quality metrics, but the stock 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: Mijansk786 / Shutterstock.com

TSLA

Elon Musk's America Party Plans 'Conflict' With His Full-Time Responsibilities As Tesla CEO, Says Former DOGE Advisor

PONY

Pony.ai And Dubai Roads And Transport Authority Co-Reveal Strategic Collaboration To Deploy Driverless Robotaxi Services

&nbsp;Integrated Gas
<figure class="table"> 
<table>
<tbody>
<tr>
<td>$ billions</td>
<td>Q1'25</td>
<td>Q2'25 Outlook</td>
<td>Comment</td>
</tr>
<tr>
<td colspan="4">Adjusted EBITDA:</td>
</tr>
<tr>
<td>Production (kboe/d)</td>
<td>927</td>
<td>900 - 940</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>LNG liquefaction volumes (MT)</td>
<td>6.6</td>
<td>6.4 - 6.8</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Underlying opex</td>
<td>1.0</td>
<td>1.0 - 1.2</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="4">Adjusted Earnings:</td>
</tr>
<tr>
<td>Pre-tax depreciation</td>
<td>1.4</td>
<td>1.4 - 1.8</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Taxation charge</td>
<td>0.8</td>
<td>0.3 - 0.6</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="4">Other Considerations:</td>
</tr>
<tr>
<td colspan="4">Trading &amp; Optimisation is expected to be significantly lower than Q1'25.</td>
</tr>
</tbody>
</table>
</figure>
 &nbsp;

SHEL

Shell Expects Q2 2025 Adjusted Earnings To Be Impacted by Lower Trading And Optimisation In Integrated Gas and Chemicals Segments

Elon Musk&#8216;s announcement of a new political party has led to the postponement of a&nbsp;Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) exchange-traded fund (ETF) launch by investment firm Azoria Partners.
What Happened: Azoria Partners, an investment firm, announced on Saturday that it would delay the launch of its Azoria Tesla Convexity ETF. This decision came after Musk, the CEO of Tesla, declared his intention to form a new U.S. political party, reported Reuters.
The Azoria Tesla Convexity ETF, initially planned to invest in Tesla&#8217;s shares and options, has been postponed. The delay followed CEO James Fishback&#8216;s public support for U.S. President Donald Trump and his criticism of the newly formed party on X, in response to Elon Musk&#8217;s announcement. He stated, &#8220;Elon left us with no other choice.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Elon left us with no other choice. <a href="https://t.co/ZlLLixDas7">https://t.co/ZlLLixDas7</a>
&mdash; James Fishback (@j_fishback) <a href="https://twitter.com/j_fishback/status/1941868513863319619?ref_src=twsrc%5Etfw">July 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Fishback also called for a board meeting to evaluate whether Musk&#8217;s political ambitions align with his full-time obligations as Tesla&#8217;s CEO.
Later Fisher also posted on X that while Elon was a &#8216;world class operator&#8217; at Tesla and SpaceX, he was a failure at DOGE. &#8220;Any one who failed at the their only attempt at government reform should not be starting a political party founded on the promise of government reform,&#8221; wrote Fisher.
Musk announced after polling his followers on his social media platform X. The new party, named the America Party, was introduced to &#8220;give you back your freedom.&#8221;
SEE ALSO: <a href="https://benzinga.com/personal-finance/entrepreneurship/25/07/46266500/mark-cuban-says-his-children-struggle-with-the-downsides-of-his-wealth-not-that" target="_blank" rel="noreferrer noopener">Mark Cuban Says His Children Struggle With the Downsides of His Wealth: &#8216;Not That They Want To Be Poor, But It Sets An Expectation&#8217;</a>
Why It Matters: Musk&#8217;s announcement of the America Party has sparked mixed reactions among investors, analysts, and loyalists. This move has also had a direct impact on Tesla&#8217;s stock, with <a href="https://www.benzinga.com/markets/tech/25/07/46267743/tesla-shares-fall-over-5-in-overnight-trading-as-elon-musk-jumps-back-into-politics">shares falling </a>more than 5% in overnight trading, currently trading at around $297.70.
Analysts such as&nbsp;Dan Ives&nbsp;and&nbsp;Gary Black&nbsp;have expressed differing opinions on the impact of Musk&#8217;s political move on the Tesla brand. Ives sees it as a move in the &#8220;opposite direction,&#8221; while Black finds it difficult to predict the&nbsp;<a href="https://www.benzinga.com/news/politics/25/07/46267326/elon-musks-america-party-is-a-move-in-the-opposite-direction-says-dan-ives-analyst-gary-black-says-difficult-to-predict-impact-on-tesla-brand-short-term">short-term impact</a>.
On a year to date basis, ETFs with global exposure to Tesla, such as iShares Global Clean Energy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLN#NASDAQ">ICLN</a>) and <a href="https://www.benzinga.com/quote/icln" target="_blank" rel="noreferrer noopener"></a>KraneShares Electric Vehicles and Future Mobility Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KARS#NYSE">KARS</a>) surged 19.22% and 8.16%, respectively.
Musk's public clash with Trump over a major policy bill raising the U.S. debt ceiling by $5 trillion may create headline risk for Tesla and related ETFs, as his political outbursts grow more intense.
<ul class="wp-block-list">
<li>READ MORE: <a href="https://www.benzinga.com/etfs/specialty-etfs/25/07/46226903/musk-plots-a-party-trump-fires-back-tesla-etfs-watch-the-fallout">Musk Plots A Party, Trump Fires Back, Tesla ETFs Watch The Fallout</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.

iShares S&P Global Clean Energy Index Fund

ICLN

KARS

Musk's Political Ambition Derail Tesla ETF Launch By Azoria Partners: 'Elon Left Us With No Other Choice'

Chinese Foreign Minister Wang Yi&nbsp;has reportedly expressed concern to the European Union about a potential Russian defeat in the ongoing Ukraine conflict, contradicting China&#8217;s public stance on the matter.
What Happened: Wang conveyed to the EU&#8217;s top diplomat, Kaja Kallas, that Beijing is apprehensive about the United States and President Donald Trump shifting its entire focus to China if Russia were to lose in Ukraine. This is a deviation from China&#8217;s usual assertion that it is &#8220;not a party&#8221; to the war, according to a report by the&nbsp;<a href="https://www.scmp.com/news/china/diplomacy/article/3316875/china-tells-eu-it-cannot-afford-russian-loss-ukraine-war-sources-say">South China Morning Post</a>.
Wang also refuted claims that China was providing material support to Russia&#8217;s war efforts, either financially or militarily. He maintained that if China were involved, the conflict would have concluded long ago.
Wang&#8217;s remarks, delivered during a lengthy debate on various geopolitical and commercial issues, have raised concerns among EU officials. Some interpret Wang&#8217;s statement as indicating&nbsp;that while China did not&nbsp;initiate the war, its continuation may serve Beijing&#8217;s strategic interests as long as the U.S. remains engaged in Ukraine.
The ongoing war in Ukraine remains a key source of tension between China and the EU, as the bloc has accused Beijing of providing dual-use goods to Russia. Nevertheless, China has continued to strengthen its diplomatic and economic relationship with Moscow, causing growing frustration among European countries.
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/politics/25/07/46267705/elon-musk-says-america-first-filing-false-and-has-been-reported-to-the-election-commission" target="_blank" rel="noreferrer noopener">Elon Musk Says America First Filing &#8216;False&#8217; And Has Been Reported To The Election Commission</a>
Why It Matters: The Chinese government&#8217;s private acknowledgment of the potential consequences of&nbsp;a Russian loss in Ukraine&nbsp;is significant in the context of recent developments. 
This revelation comes shortly after U.S. President&nbsp;Donald Trump&nbsp;expressed his disappointment over an unproductive call with Russian President&nbsp;Vladimir Putin&nbsp;and&nbsp;discussed bolstering <a href="https://www.benzinga.com/news/politics/25/07/46266011/not-looking-to-stop-trump-slams-putin-on-ukraine-speaks-with-zelenskyy">Ukraine&#8217;s air defense</a> capabilities&nbsp;with Ukrainian President&nbsp;Volodymyr Zelenskyy.
The U.S. has frequently threatened to withdraw support for Kyiv and is often viewed in Europe as leaning toward a pro-Russian stance. Meanwhile, the Pentagon has paused shipments of certain air defense missiles and precision weapons to Ukraine due to concerns about depleting U.S. stockpiles, according to Politico.
In June, the Kremlin had&nbsp;expressed appreciation for <a href="https://www.benzinga.com/news/politics/25/06/46014413/putin-lauds-trumps-significant-support-on-ukraine-talks-as-russia-warns-us-to-stay-out-of-iran">Trump&#8217;s efforts</a>&nbsp;to help resolve the Russia-Ukraine conflict. The acknowledgment of China&#8217;s concerns about a potential Russian loss in Ukraine adds another layer to the complex geopolitical dynamics at play in the region.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/politics/25/07/46266316/donald-trumps-approval-rating-jumps-among-baby-boomers-heres-whats-driving-it" target="_blank" rel="noreferrer noopener">Donald Trump&#8217;s Approval Rating Jumps Among Baby Boomers — Here&#8217;s What&#8217;s Driving It</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.

China Expresses Concern To EU Over Russia's Potential Defeat In Ukraine Conflict Amid Fears That Trump Would Do 'This': Report

Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Isomorphic Labs says its first artificial-intelligence-designed medicines are nearly ready for human testing.
What Happened: Isomorphic Labs President Colin Murdoch <a href="https://fortune.com/2025/07/06/deepmind-isomorphic-labs-cure-all-diseases-ai-now-first-human-trials/">spoke</a> to Fortune in an interview recently where he said, &#8220;There are people sitting in our office in King's Cross, London, collaborating with AI to design drugs for cancer right now.&#8221;
"The next big milestone is actually going out to clinical trials, starting to put these things into human beings," Murdoch added. "We're staffing up now. We're getting very close." Isomorphic, spun out of Google DeepMind in 2021, grew from AlphaFold, the program that predicts protein shapes with near-lab accuracy.
Murdoch said AlphaFold's latest version can simulate how candidate compounds bind to DNA and proteins, letting chemists iterate faster and more precisely. In 2024, Isomorphic <a href="https://www.benzinga.com/news/24/01/36528778/googles-ai-spin-off-isomorphic-labs-strikes-big-pharma-deals-paving-the-way-for-future-of-drug-disco">struck research pacts</a> with Novartis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>) and Eli Lilly (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) and, in April this year, raised $600 million led by Thrive Capital to build what Murdoch calls a "world-class drug design engine."
See also: <a href="https://www.benzinga.com/markets/tech/25/07/46268414/as-elon-musks-rift-with-donald-trump-deepens-former-google-executive-says-maga-and-tech-world-cant-thrive-without-each-other">As Elon Musk&#8217;s Rift With Donald Trump Deepens, Former Google Executive Says MAGA And Tech World Can&#8217;t Thrive Without Each Other</a>
"We're trying to do all these things: speed them up, reduce the cost, but also really improve the chance that we can be successful," he said.
Why It Matters: Rivals are rushing to the clinic as well. Recursion Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>) expects seven programs to begin or read out human studies next year. On the other hand, Hong Kong-based Insilico Medicine earlier this year announced positive takeaways from <a href="https://www.clinicaltrialsarena.com/news/insilico-announces-positive-results-from-phase-i-trials-of-ai-designed-ism5411/?cf-view">trials</a> of its AI-designed drug meant for the treatment of inflammatory bowel disease (IBD).
Investor interest is surging. Recursion shares <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45822228/recursion-pharmaceuticals-stock-surges-on-breakthrough-ai-model-launch-with-mit">jumped</a> 18% last month after unveiling an open-source binding-prediction model developed with MIT. Chipmakers are piling in, too. AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) just <a href="https://www.benzinga.com/25/01/42874399/amd-invests-20m-in-absci-to-boost-ai-drug-discovery">invested $20 million</a> in Absci to challenge Nvidia's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) <a href="https://www.benzinga.com/markets/large-cap/25/06/45910197/nvidia-just-partnered-with-a-weight-loss-giant-but-its-not-about-pills">BioNeMo platform</a> in AI drug discovery.
Alphabet shares score high on Quality and Growth in Benzinga's Edge Stock Rankings and has a favorable price trend in the short, medium and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Check&nbsp;here&nbsp;for deeper insights into the stock</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="152" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07032034/goog-edge-1024x152.png" alt="" class="wp-image-974192" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07032034/goog-edge-1024x152.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07032034/goog-edge-300x45.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07032034/goog-edge-768x114.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07032034/goog-edge.png 1386w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Photo Courtesy: JHVEPhoto on Shutterstock.com
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/25/07/46268015/indian-billionaire-mukesh-ambanis-50-50-joint-venture-with-larry-finks-blackrock-raises-2-1-billion-in-debut-fund-offering">Indian Billionaire Mukesh Ambani&#8217;s 50-50 Joint Venture With Larry Fink&#8217;s BlackRock Raises $2.1 Billion In Debut Fund Offering</a></li>
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Reported Thursday, LGI Homes June 2025 Closings Of 457 Homes And Q2 Total Of 1,323 Homes

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Reported Thursday, Comcast Announced Westlake Fiber Expansion To Deliver Xfinity And Comcast Business Services Across Palm Beach County

Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) FSD or Full-Self Driving Technology once again finds itself in the spotlight as a Robotaxi, while on FSD, nearly drove into a parked vehicle in Austin, Texas.
What Happened: The incident took place when a Tesla Model Y drove into a parked vehicle as it tried to navigate its way out of the area after dropping off its passenger, a video posted by YouTuber Dirty Tesla showcased <a href="https://youtu.be/N2l2KcwBXZ8?si=qUN8bwT1tHAorgOk&amp;t=292">on</a> Friday.
The vehicle did not cause serious injury or damage as the safety driver placed within the Robotaxi intervened just as the car was about to hit the parked vehicle, the YouTuber said.
Why It Matters: The news comes as Tesla has been under scrutiny for its FSD tech by the NHTSA, or the National Highway Traffic Safety Administration, over <a href="https://www.benzinga.com/markets/tech/25/06/46067027/tesla-robotaxi-faces-nhtsa-scrutiny-over-traffic-violations-during-austin-launch">possible traffic violations</a>.
Experts like Gerber Kawasaki's co-founder Ross Gerber have also <a href="https://www.benzinga.com/markets/tech/25/07/46267553/elon-musks-tesla-must-embrace-lidar-to-scale-fsd-says-ross-gerber">criticized the FSD tech</a> for its use of cameras instead of more advanced components like LiDAR, which autonomous taxi rival Alphabet Inc.'s (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>) Waymo uses.
Tesla shares <a href="https://www.benzinga.com/markets/tech/25/07/46267743/tesla-shares-fall-over-5-in-overnight-trading-as-elon-musk-jumps-back-into-politics">fell 5% overnight</a> as CEO Elon Musk found a new political party amid the billionaire's feud with U.S. President Donald Trump over the latter's tax policies.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="199" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07022732/TSLA-JUL-7-2025-2-1024x199.jpg" alt="" class="wp-image-974103" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07022732/TSLA-JUL-7-2025-2-1024x199.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07022732/TSLA-JUL-7-2025-2-300x58.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07022732/TSLA-JUL-7-2025-2-768x149.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07022732/TSLA-JUL-7-2025-2-1536x299.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07022732/TSLA-JUL-7-2025-2.jpg 1569w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Tesla offers satisfactory Momentum while scoring well on the Growth and Quality metrics, but the stock 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>
Read Next:
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<li><a href="https://www.benzinga.com/news/politics/25/07/46267705/elon-musk-says-america-first-filing-false-and-has-been-reported-to-the-election-commission">Elon Musk Says America First Filing &#8216;False&#8217; And Has Been Reported To The Election Commission</a></li>
</ul>
Photo courtesy: Ken Wolter / Shutterstock.com

Tesla's Full Self-Driving Tech Under Fire Again After Robotaxi Nearly Hits Parked Vehicle: Report

&#8220;Shark Tank&#8221; investor Kevin O&#8217;Leary is calling on U.S. policymakers to reverse export restrictions on artificial intelligence chips, arguing that blocking sales to adversaries like China could backfire by allowing competitors to establish their semiconductor ecosystems.
What Happened: Speaking on &#8220;The Diary of a CEO&#8221; podcast, O&#8217;Leary drew parallels between Apple Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) strategy under Steve Jobs and the current AI chip battle involving Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). He described the chip as the &#8220;queen bee&#8221; that creates value through a surrounding community of programmers and developers.
&#8220;The computer, the chip is the queen bee,&#8221; O&#8217;Leary said. &#8220;But it has no value without the honeybees, which are the programmers around it that form a community that spend all of their energy writing code that works with the queen bee.&#8221;
O&#8217;Leary warned that current U.S. export controls on advanced semiconductors to China and Russia represent &#8220;bad policy&#8221; that could allow adversaries to develop competing platforms.
He specifically cited concerns about Huawei Technologies gaining ground while American companies like Nvidia face restricted market access.
&#8220;The minute you shut down a market and your adversary sends their queen bee in, which is Huawei, we can&#8217;t let that happen,&#8221; O&#8217;Leary stated. He suggested keeping adversaries &#8220;one generation behind&#8221; in chip technology rather than completely cutting off access.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46268037/after-microsoft-lays-off-9100-workers-xbox-executive-tells-fired-workers-to-turn-to-ai-for-mental-health-help">After Microsoft Lays Off 9,100 Workers, Xbox Executive Tells Fired Workers To Turn To AI For Mental Health Help</a>
Why It Matters: The comments come as the Trump administration considers new restrictions on AI chip exports to Malaysia and Thailand to prevent indirect supply routes to China. A draft Commerce Department <a href="https://www.benzinga.com/markets/asia/25/07/46266218/us-plans-to-restrict-ai-chip-exports-to-malaysia-thailand-to-curb-diversion-to-china">rule aims to curb semiconductor smuggling</a> through Southeast Asian intermediaries.
Nvidia has already removed China from its revenue guidance after export controls cost the company $2.5 billion in first-quarter revenue. CEO Jensen Huang told CNN that the <a href="https://www.benzinga.com/markets/equities/25/06/45918580/nvidia-drops-china-from-guidance-after-2-5-billion-q1-revenue-hit-ceo-jensen-huang-says-hes-not-">company will no longer include China</a> in forecasts due to ongoing restrictions.
Recent intelligence reports suggest that Chinese AI company DeepSeek has found workarounds to access large volumes of Nvidia&#8217;s H100 chips <a href="https://www.benzinga.com/markets/tech/25/06/46062695/nvidia-deepseek-ai-chips-us-china-military-news">despite export bans</a>. A senior State Department official told Reuters that DeepSeek supports China&#8217;s military and intelligence operations.
O&#8217;Leary&#8217;s advocacy reflects broader concerns among tech investors about losing global AI leadership. The veteran entrepreneur, who <a href="https://www.benzinga.com/personal-finance/entrepreneurship/25/07/46265862/kevin-oleary-says-youll-never-be-free-if-you-remain-an-employee-but-theres-actually-nothing-wrong-with-it-heres-why">sold his educational software company</a> SoftKey to Mattel for $3.7 billion in 1999, emphasized that restricting chip sales could ultimately benefit competitors.
&#8220;You create the hive with the queen in the middle,&#8221; O&#8217;Leary explained. &#8220;You convince every bee around to make the honey, which is the software, and that is the AI in this case.&#8221;
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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: Kathy Hutchins / Shutterstock.com

AAPL

Steve Jobs Knew The Chip Was The Queen Bee—Kevin O'Leary Says US Must Let Nvidia Spread Its Hive: 'Convince Every Bee Around To Make The Honey'

As Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk continues to slam Donald Trump's "Big Beautiful Bill," the All-In Podcast panelists, including David Friedberg and Chamath Palihapitiya, caution that escalating tensions between MAGA and Silicon Valley could destabilize both political and technological progress.
What Happened: On the July 4 episode of the All-In Podcast, the panel dissected the growing rift between Musk and Trump, sparked by the Tesla CEO&#8217;s criticism of the tax and spending package that <a href="https://www.benzinga.com/markets/equities/25/05/45536595/big-beautiful-bill-will-explode-the-deficit-and-make-the-rich-richer-congressional-budget-office-estimates-4-income-fall-for-lowest-decile-of-americans-by-2033">adds $3.8 trillion to the deficit</a>.
Friedberg, who was one of the early Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) executives, defended Musk's frustration, saying, "We are in a debt-death spiral and they [critics of the bill] are absolutely correct. So I don&#8217;t think that Elon is off the reservation when he makes those comments."
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/07/46267553/elon-musks-tesla-must-embrace-lidar-to-scale-fsd-says-ross-gerber" target="_blank" rel="noreferrer noopener">Elon Musk's Tesla Must Embrace LiDAR To Scale FSD, Says Ross Gerber</a>
He spoke about the importance of government efficiency reforms Musk once pushed through the Department of Government Efficiency (DOGE), noting, "Elon's right with respect to the spending."
Friedberg warned, however, that mutual dependence between MAGA and tech is crucial. "I don't think MAGA can exist successfully without tech alignment. I don't think tech can exist without MAGA."
"I don&#8217;t think that these two can exist in isolation and in conflict with one another," he stated.
Chamath Palihapitiya downplayed the feud, suggesting the alliance would hold. "I think the reality is that when push comes to shove, I think that they agree on more things and they probably disagree."
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Why It's Important: On Saturday, Musk announced on X, "Today, the America Party is formed to give you back your freedom." The tech mogul also criticized the big beautiful bill's fiscal consequences, arguing that the U.S. had become "a one-party system, not a democracy."
<a href="https://www.benzinga.com/news/politics/25/07/46266957/trump-calls-america-party-a-train-wreck-blasts-elon-musk-for-going-completely-off-the-rails-president-says-system-not-designed-for-a-third-player">Trump fired back on</a> Truth Social, ridiculing the idea of a Musk-led third party, calling it a "train wreck." The President said that the system isn't built for third parties and they only bring "Disruption &amp; Chaos."
Musk was one of Trump's largest donors for the 2024 campaign and had headed DOGE before <a href="https://www.benzinga.com/news/politics/25/05/45708460/elon-musks-175-billion-in-doge-cut-falls-far-short-of-the-billionaires-goal-expect-to-achieve-over-time-the-trillion-dollars-of-savings-says-tesla-ceo">stepping down in May</a>.
Benzinga's Edge Stock Rankings indicate that TSLA continues to show a strong upward trend in the short, medium and long term. While its growth ranking is solid, its value score is relatively weaker. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed performance insights are available here</a>.
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Photo Courtesy: RKY Photo on Shutterstock.com
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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.

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