{"id":64124,"date":"2026-07-02T10:08:17","date_gmt":"2026-07-02T14:08:17","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tesla-crushes-delivery-estimates-as-anthropic-pivots-to-custom-ai-chips\/64124\/"},"modified":"2026-07-02T10:08:17","modified_gmt":"2026-07-02T14:08:17","slug":"tesla-crushes-delivery-estimates-as-anthropic-pivots-to-custom-ai-chips","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tesla-crushes-delivery-estimates-as-anthropic-pivots-to-custom-ai-chips\/64124\/","title":{"rendered":"Tesla Crushes Delivery Estimates as Anthropic Pivots to Custom AI Chips"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Tesla (<a href=\"\/stock\/TSLA\">TSLA<\/a>) reported Q2 deliveries of 480,126 vehicles<\/strong>, significantly outperforming the analyst consensus of <strong>396,466<\/strong>, though shares remained volatile following the news.<\/li>\n<li><strong>Anthropic has reportedly begun early-stage development of its own AI chips<\/strong> and is in discussions with <strong>Samsung<\/strong> and other design firms to reduce reliance on external providers.<\/li>\n<li><strong>US Factory Orders for May fell 1.3%<\/strong>, a smaller decline than the <strong>2.0% drop expected by markets<\/strong>, while <strong>Durable Goods Orders ex-transportation rose 1.4%<\/strong>.<\/li>\n<li><strong>HSBC issued a massive price target hike for Intel (<a href=\"\/stock\/INTC\">INTC<\/a>)<\/strong>, doubling its valuation from <strong>$100 to $200<\/strong> per share.<\/li>\n<li><strong>Ford (<a href=\"\/stock\/F\">F<\/a>) struggled in the second quarter<\/strong>, reporting a <strong>40.7% plunge in electric vehicle sales<\/strong> and a <strong>10.3% decline in overall US vehicle sales<\/strong>.<\/li>\n<\/ul>\n<h2>Tesla Deliveries Surprise While Ford Falters<\/h2>\n<p>Tesla (<a href=\"\/stock\/TSLA\">TSLA<\/a>) surprised Wall Street on Thursday by reporting <strong>480,126 deliveries for the second quarter<\/strong>, far exceeding the estimated <strong>396,466 units<\/strong>. Production for the quarter reached <strong>451,758 vehicles<\/strong>, led by the <strong>Model 3\/Y<\/strong> segment which saw <strong>467,762 deliveries<\/strong>. Despite the initial <strong>3% spike in <a href=\"https:\/\/stockmarketwatch.com\/movers\/premarket\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">premarket<\/a> trading<\/strong>, shares later reversed course to trade <strong>2.2% lower<\/strong> as investors weighed the broader automotive outlook.<\/p>\n<p>In contrast, Ford (<a href=\"\/stock\/F\">F<\/a>) reported a difficult second quarter in the US market. The legacy automaker saw <strong>EV sales crater by 40.7%<\/strong>, while its flagship <strong>F-Series pickup truck sales dropped 11%<\/strong>. Total vehicle sales for Ford fell <strong>10.3%<\/strong> during the period, highlighting a <em>widening performance gap<\/em> between the market leader and traditional manufacturers in the electric transition.<\/p>\n<h2>Anthropic Joins the AI Chip Race<\/h2>\n<p>AI startup <strong>Anthropic<\/strong> is making moves to secure its hardware future, reportedly entering talks with <strong>Samsung<\/strong> and various chip design firms to develop a <strong>custom AI chip<\/strong>. The company has started early-stage work on its own silicon to power its large language models. This move follows a broader industry trend of software giants seeking to <em>insulate themselves from supply chain bottlenecks<\/em>.<\/p>\n<p>Meanwhile, <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) is reportedly leveraging its <strong>powerful balance sheet<\/strong> to assist customers in financing the purchase of its expensive AI hardware. This strategic move aims to maintain <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a>&#39;s<\/strong> market dominance while potentially generating additional interest income. In the semiconductor space, Intel (<a href=\"\/stock\/INTC\">INTC<\/a>) received a major vote of confidence as <strong>HSBC raised its price target to $200<\/strong>, citing a &quot;special&quot; situation regarding the company&#39;s stake and recovery path.<\/p>\n<h2>US Economic Resilience Amid Labor Cooling<\/h2>\n<p>Fresh economic data painted a mixed picture of the US economy in May and June. <strong>Factory Orders fell 1.3%<\/strong>, which was better than the <strong>2.0% contraction<\/strong> forecasted by economists. <strong>Durable Goods Orders<\/strong> remained steady at a <strong>4.5% decline<\/strong>, but the <strong>Ex-Transportation metric beat expectations with a 1.4% gain<\/strong>, suggesting <em>underlying strength in core manufacturing<\/em>.<\/p>\n<p>However, the labor market showed signs of cooling as the <strong>US economy added fewer jobs than expected in June<\/strong>. White House advisor <strong>Kevin Hassett<\/strong> noted that while the jobs data remains consistent with a strong economy, growth does not necessarily lead to inflation. Hassett also commented on the Federal Reserve, remarking that it is &quot;very unusual&quot; that <strong>Chair Jerome Powell<\/strong> has not yet departed the central bank.<\/p>\n<h2>Global Market Trends and Currency Shifts<\/h2>\n<p>In international markets, <strong>Germany&#39;s DAX index surged 2%<\/strong> to reach <strong>25,541.79<\/strong>, while <strong>Canada\u2019s Manufacturing PMI<\/strong> edged up slightly to <strong>53.0<\/strong>. In the currency markets, a significant milestone was reached as <strong>foreign institutional ownership of the U.S. Dollar fell to its lowest level this century<\/strong>. This shift comes as central banks and global investors <em>diversify away from the greenback<\/em> amid changing geopolitical dynamics.<\/p>\n<p>On the monetary front, <strong>Bank of England<\/strong> policymaker <strong>Catherine Mann<\/strong> warned that June saw <strong>more upside risks to inflation<\/strong> compared to downside risks for economic activity. This hawkish tone suggests that <em>global central banks remain cautious<\/em> about easing policy too quickly, even as manufacturing sectors show signs of stabilization.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Tesla (TSLA) reported Q2 deliveries of 480,126 vehicles, significantly outperforming the analyst consensus of 396,466, though shares remained 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