CNBC Daily Open: Triple whammy for Tesla

Published On: July 26, 2025

Donald Trump spars with Jerome Powell during Federal Reserve visit.
The S&P 500 and Nasdaq Composite close at new records.
Intel beats revenue estimates but has a net loss in the second quarter
India expects “preferential” tariffs from the U.S.
An Indian pharmaceutical company bets on weight-loss drugs.

It’s been a difficult trip for Tesla.

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On Wednesday, the electric car manufacturer said that auto sales had decreased for the second consecutive quarter. For the sixth consecutive month, Tesla’s market share in Europe dropped from 3.4% in June to 2.8% in June.

Tesla will likely be further impacted by the Trump administration’s purported plans to reverse the U.S. push for greener automobiles.

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The expiration of a $7,500 EV tax credit in the United States at the end of September will indirectly increase the price of Tesla automobiles. As the Trump administration plans to discontinue fining regular automakers for failing to meet emission rules, traditional automakers will no longer have to buy EV regulatory credits from Tesla, which obtains them for free because its cars are fully electric. This implies that Tesla will soon be without a source of income.

Bad things are said to come in threes. This is the final one.

According to its investor presentation, Tesla’s bitcoin holdings are currently valued at $1.24 billion, but they could have been worth billions more. The business dumped 75% of its bitcoin in 2022. The current price of the coin is over $118,000. Tesla’s stock was trading at almost $19,000 when it sold its shares.

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Is there any comfort in the fact that Tesla will be impacted by US President Donald Trump’s “big beautiful bill”? Trump stated on Thursday that the measure was not targeted. “I want Elon, and all businesses within our Country, to THRIVE, in fact, THRIVE like never before!”

But it remains to be seen if Trump’s views might make things easier for Tesla.

This report was contributed to by Lora Kolodny and Arjun Kharpal of CNBC.

Powell and Trump argue during the Fed visit.Trump’s allegations of cost overruns at the Fed headquarters caused the U.S. President to argue with the chair of the Federal Reserve. Trump, however, stated that he does not believe Powell’s dismissal is “necessary”.

The Nasdaq Composite and S&P 500 close at all-time highs.Despite an 8% decline in Tesla shares, both indexes saw gains Thursday. Asia-Pacific markets declined on Friday. At 1:30 a.m. ET, Hong Kong’s Hang Seng Index was down.

Intel’s revenue for the second quarter exceeded forecasts.However, an impairment charge of $800 million caused the chipmaker to post a net loss of $2.9 billion.Significant cost reductions in Intel’s foundry division were also reported by the company’s new CEO, Lip-Bu Tan.

The United States is expected to offer “preferential” tariffs to India.Piyush Goyal, the minister of commerce and industry in New Delhi, told CNBC that the talks were “progressing extremely well.”

[PRO] An Indian business wagers on medications for weight loss.This pharmaceutical company has a unique chance to be a first mover in dozens of new markets due to expiring patents in Brazil and India.

As Trump travels to Scotland, the UK seeks to resolve some outstanding issues.

Between Friday and Tuesday, U.S. President Donald Trump is scheduled to tour two Trump-owned golf properties in Aberdeen and Turnberry, as well as one of his brand-new golf courses, which is scheduled to open in August.

Additionally, he is scheduled to meet informally with Prime Minister Keir Starmer of the United Kingdom. Peel Hunt chief economist Kallum Pickering told CNBC on Wednesday that the question is where we might see some “give and take” in the U.S.-UK trade pact.

Ellyatt, Holly