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Industry

Tesla\'s Q2 results buoyed by Model Y, oil prices and incentives

Tesla delivered 480,126 vehicles in the second quarter of 2026, up 25 percent from a year earlier, ending a two-year decline in quarterly deliveries. The total beat market expectations and exceeded even the most optimistic forecasts. Deliveries outpaced production as the company drew down inventory, while energy storage deployments rose to 13.5 GWh. The article cites higher oil prices linked to the Iran war, easier year-on-year comparisons, and large U.S. incentives as key factors.

Crypto

Dogecoin official account joins selloff jokes, urges chart to stop falling

As the cryptocurrency market fell sharply, triggering about $1 billion in liquidations over a day, Dogecoin’s official X account posted a self-deprecating message about the downturn. The post likened the sloping chart to the “Downward-Facing Dog” yoga pose. Coinglass data showed long-position liquidations dominated. Dogecoin slid to $0.072 intraday before trimming losses. The market has stayed weak for more than eight months as liquidity declines.

Finance

KOSPI recovers 8,500 after plunge; Samsung Electronics reclaims top market cap spot

South Korea\'s KOSPI rebounded a day after a sharp selloff and climbed back above 8,500, as bargain buying focused on large chipmakers emerged early in the session. As of 9:16 a.m., the index was up 3.88 percent at 8,521.76. Individuals were net buyers, while foreigners and institutions were net sellers. The won weakened slightly. Samsung Electronics rose more than 8 percent and regained the top market capitalisation ranking.