Tesla posted record-high Q2 vehicle deliveries, up 34% quarter over quarter, helping lift automotive gross margin to about 24.2%. FSD V14-lite is rolling out to Hardware 3 vehicles, while subscription approvals are speeding up in China and Europe, with active FSD subscriptions at 1.28 million, up 51% year over year. The energy business reached 13.5 GWh with more than 30% segment margins and accounted for about 13% of total revenue. These figures are framed as forward-looking quarterly guidance rather than confirmed earnings results.

Daily oil flows through the Strait of Hormuz rebounded from a May low of about 4 million barrels to 17 million barrels by June 20, equivalent to 85% of the roughly 20 million barrels per day seen in normal conditions. The U.S. Navy has maintained its presence and intercepted Iranian attack drones, with no reports in the past 24 hours of new attacks, mine-laying, or damage to transiting vessels. Commercial shipping has continued to pass through, undermining Iran’s deterrence and easing concerns about a global supply disruption. The shift has added downward pressure to crude prices.

Elon Musk exercised roughly 304 million Tesla options in mid-June 2026 through net share settlement, a structure that avoided cash outlays and open-market selling. His Tesla ownership rose to about 19.9%, strengthening his voting power. Analysts framed the move as strategic positioning to bolster control ahead of a potential Tesla–SpaceX merger. The report said a merger announcement could come within the next three months and projected Tesla shares could trade in the $600–$800 range around the announcement window.

A 1 GW AI data center now costs roughly $100 billion to build, up from about $4–5 billion previously. Power infrastructure, including high-voltage copper cabling, advanced cooling, and networking account for a large share of the bill. Compute hardware—GPUs and servers—can make up around 60% of total costs, with NVIDIA GPUs cited as the biggest single component. The dynamic is tightening demand for both GPUs and industrial-grade copper as constraints such as copper shortages become more binding.

A potential U.S.-Iran agreement could restore oil traffic through the Strait of Hormuz within the next 30–60 days. The U.S. says vessels under its protection are moving about seven million barrels of oil per day through the strait. The article adds that roughly 10,000 long-shut oil wells—said to represent about 15% of global output—could be restarted, while Brent has fallen from $93 to $83 as China, the largest importer, waits for lower prices to return.