Table of Contents

• Robinhood

• Tesla

Top Stories Today

Robinhood

Robinhood’s share price surged past the $100 threshold for the first time this week, capping a rally of over 30% since the trading app was excluded from the S&P 500. At a Cannes showcase, CEO Vlad Tenev unveiled an ambitious expansion of the firm’s crypto arm, announcing a bespoke blockchain built on Ethereum layer‑2 technology to enable 24/5 trading and rolling out tokenized versions of private company shares like OpenAI and SpaceX to European users. Alongside this strategic pivot, Robinhood reported a 50% year‑over‑year boost in Q1 revenue and introduced crypto staking in the U.S., signaling its drive to merge traditional financial services with blockchain innovation.

Tesla

Tesla delivered about 384,000 cars in the April–June quarter, marking a 14% decline from a year earlier and extending its recent streak of falling shipments. Production reached roughly 410,000 vehicles, including nearly 397,000 of its Model 3 and Model Y line, while combined deliveries of those models totaled around 374,000. Although this represented a drop, the result topped some gloomy forecasts, helping push the stock up nearly 5%. Tesla attributed weaker volumes partly to buyers waiting for its updated Model Y and faces growing competition from lower-priced Chinese brands, as well as reputational pressure tied to CEO Elon Musk’s political activities. The company’s market capitalization has rebounded above $1 trillion despite a 22% share decline so far this year, and Tesla will host its quarterly earnings call on July 23.

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