markets

Max Knoblauch6/11/26

Chinese EV makers sink to 52-week lows as regulators warn about price war

Several US-listed ADRs of major Chinese EV makers are trading at fresh lows, following reports of domestic sales continuing to stagnate and Chinese regulators warning the companies about their price war.

XPeng, BYD, and Li Auto each hit 52-week lows on Thursday morning.

According to CnEVPost, Chinese regulators summoned automakers suspected of taking part in “irrational” competition on Thursday, warning them to comply with price laws and regulations. China has struggled to crack down on a downward pricing trend among automakers jostling for market share for the better part of a year.

Earlier this week, BYD and Nio were added to the Pentagon’s “Chinese Military Companies” list. Both automakers refuted the designation and left legal action on the table. Nio appears to be seeing a modest stock price boost from the rollout of an update to its Onvo-branded L60 SUV.

Chinese regulators summon automakers over suspected 'irrational competition'

Chinese regulators summon automakers over suspected 'irrational competition'

According to CnEVPost, Chinese regulators summoned automakers suspected of taking part in “irrational” competition on Thursday, warning them to comply with price laws and regulations. China has struggled to crack down on a downward pricing trend among automakers jostling for market share for the better part of a year.

Earlier this week, BYD and Nio were added to the Pentagon’s “Chinese Military Companies” list. Both automakers refuted the designation and left legal action on the table. Nio appears to be seeing a modest stock price boost from the rollout of an update to its Onvo-branded L60 SUV.

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markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

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Meta surges on report it’s starting a cloud business to sell excess AI compute

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