In May 2026, global electric vehicle (EV) sales increased by 4% year-over-year, capturing 26% of the market share. Europe saw a strong 28% growth, reaching a 32% share, while China experienced a 6% decline but still held 63% of the market. The U.S. market dropped about 19% to around 7% share. Key EV manufacturers like BYD, Tesla, SAIC, Geely's Zeekr, Chery, and Leapmotor reported significant year-over-year sales growth. The EV market is impacting gasoline demand, with policy moves such as the EU preparing tariffs on Chinese plug-in hybrids and New South Wales investing A$6.5 billion in electric buses. BloombergNEF forecasts the global EV fleet to grow from under 100 million in 2026 to about 1 billion by 2050, highlighting the sector's rapid expansion and importance for investors.
A Tesla electric Semi truck was involved in its first fatal accident on June 28, 2026, in Dayton, Nevada, where it collided with a small Volkswagen Beetle, killing both occupants. The Tesla driver was unharmed, and preliminary reports suggest the tru...
The Invesco NASDAQ 100 ETF (QQQM) offers focused exposure to AI-driven capital expenditure growth, especially among leading U.S. technology companies. It benefits from increasing AI infrastructure investments, with Amazon alone projecting $200 billio...
WhiteBIT, Europe's largest crypto exchange by traffic, has introduced TradeFi, a new trading category that allows users to trade traditional financial instruments such as commodities, stocks, and ETFs through perpetual futures contracts within the cr...
SpaceX revealed a prototype of a sleek, handset-like AI device to investors, though Elon Musk denied the report as false. The device, reportedly slimmer than an iPhone, aims to run on a proprietary OS integrating technology from Musk's AI company xAI...
Jay Woods, Chief Market Strategist at Freedom Capital Markets, updated his favorite Magnificent Seven stocks mid-2026, replacing Tesla with Nvidia. Woods remains bullish on Alphabet, citing its strong fundamentals and prefers it over Verizon in the D...
