A range of major stories unfolded domestically in the U.S.: workers escaped a tunnel collapse in LA, Tesla applied for robotaxi certification in Arizona, and Walmart recalled bottles after injuries. In governance news,

Tesla faces declining sales, intense competition, and overhyped ventures while leadership concerns grow and FSD lags peers. Read why TSLA stock is a sell.

Despite these issues, Tesla investors appear to be convinced that the company will experience a surge in sales trends at some point. This is evident by the wild premium the stock commands. Shares trade at a price-to-earnings ratio of 169 as of this writing. A valuation like this bakes in huge sales and earnings growth for years to come.

Used Tesla inventory is keeping pace with the rest of the used EV market, which is finally showing signs of stabilizing.

Despite Tesla's weak deliveries and bearish technicals, RBC Capital Markets says the company's long-term growth in energy, AI, and autonomy justifies staying bullish on the stock.

A group of state treasurers and investors is complaining that the company, facing falling sales, is about to miss a legal deadline to hold a shareholder forum.

Copper and pharmaceuticals are getting hit with the tariff stick and the price is steep says President Trump who is promising more trade deals. Stocks remain volatile amid the uncertainty, but investors are piling into Nvidia lifting its market cap to new record.

US stocks open lower on tariff uncertainty. Trump said higher tariffs start Aug 1 for nations without deals. Tesla sinks on feud with Trump.