{"id":65711,"date":"2026-07-31T00:08:15","date_gmt":"2026-07-31T04:08:15","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/musk-rejects-tesla-china-sale-rumors-amid-global-market-shifts\/65711\/"},"modified":"2026-07-31T00:08:15","modified_gmt":"2026-07-31T04:08:15","slug":"musk-rejects-tesla-china-sale-rumors-amid-global-market-shifts","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/musk-rejects-tesla-china-sale-rumors-amid-global-market-shifts\/65711\/","title":{"rendered":"Musk Rejects Tesla-China Sale Rumors Amid Global Market Shifts"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Elon Musk<\/strong> dismissed reports that <strong>Tesla<\/strong> (<a href=\"\/stock\/TSLA\">TSLA<\/a>) is considering selling its <strong>China operations<\/strong> to facilitate a merger with <strong>SpaceX<\/strong>, calling the claims &quot;fake news.&quot;<\/li>\n<li><strong>Piper Sandler<\/strong> lowered price targets for <strong>Reddit<\/strong> (<a href=\"\/stock\/RDDT\">RDDT<\/a>) to <strong>$195<\/strong> and <strong>Stryker<\/strong> (<a href=\"\/stock\/SYK\">SYK<\/a>) to <strong>$390<\/strong>, citing updated margin and earnings estimates.<\/li>\n<li><strong>Japan&#39;s 2-year JGB yield<\/strong> climbed to <strong>1.5%<\/strong>, its highest level in over 30 years, as investors bet on more aggressive <strong>Bank of Japan<\/strong> rate hikes.<\/li>\n<li><strong>China\u2019s Ministry of Finance<\/strong> announced a <strong>100 billion yuan<\/strong> reopening of 7-year bonds scheduled for August 7 to support domestic liquidity.<\/li>\n<li>A major <strong>Wildberries<\/strong> logistics center in <strong>Volgograd, Russia<\/strong>, was hit by an overnight attack, causing a massive fire and the suspension of regional operations.<\/li>\n<\/ul>\n<h2>Musk Denies Tesla-China Divestiture for SpaceX Merger<\/h2>\n<p><strong>Elon Musk<\/strong> has flatly rejected a <em>Wall Street Journal<\/em> report suggesting <strong>Tesla<\/strong> (<a href=\"\/stock\/TSLA\">TSLA<\/a>) executives were preparing to separate the company&#39;s <strong>China business<\/strong>. The report claimed the move was intended to clear regulatory hurdles for a potential merger with <strong>SpaceX<\/strong>.<\/p>\n<p>The <strong>Shanghai Gigafactory<\/strong> remains <strong>Tesla&#39;s<\/strong> most productive facility, accounting for more than <strong>50% of its global deliveries<\/strong>. Musk\u2019s denial stabilized market expectations, though prediction markets still place a <strong>25.5% probability<\/strong> on a <strong>Tesla-SpaceX<\/strong> combination by year-end.<\/p>\n<h2>Piper Sandler Trims Targets for Reddit and Stryker<\/h2>\n<p><strong>Piper Sandler<\/strong> adjusted its outlook on two major U.S. equities on Friday. The firm cut its price target for <strong>Reddit<\/strong> (<a href=\"\/stock\/RDDT\">RDDT<\/a>) to <strong>$195<\/strong> from <strong>$215<\/strong>, despite the social media platform&#39;s recent <strong>69% revenue growth<\/strong>.<\/p>\n<p>The firm also reduced its forecast for medical technology giant <strong>Stryker<\/strong> (<a href=\"\/stock\/SYK\">SYK<\/a>), lowering the target to <strong>$390<\/strong>. Analysts cited a &quot;line-by-line&quot; review of recent financial filings, leading to more conservative <strong>2026 and 2027 earnings estimates<\/strong> based on shifting margin assumptions.<\/p>\n<h2>JGB Yields Hit 31-Year Highs Amid BOJ Hawkishness<\/h2>\n<p>The yield on <strong>Japan&#39;s 2-year government bond (JGB)<\/strong> rose 0.5 basis points to reach <strong>1.5%<\/strong>, a level not seen since <strong>May 1995<\/strong>. This move reflects growing market conviction that the <strong>Bank of Japan<\/strong> will accelerate interest rate hikes to combat yen weakness.<\/p>\n<p>Swap markets are currently pricing in an <strong>80% chance<\/strong> of a rate increase to <strong>1.25%<\/strong> by October. The rise in short-term yields followed a period of intense volatility in the currency markets and rising domestic inflation concerns.<\/p>\n<h2>Global Supply Chain and Fiscal Developments<\/h2>\n<p>In Russia, the e-commerce giant <strong>Wildberries<\/strong> saw its <strong>44,000-square-meter<\/strong> logistics hub in <strong>Volgograd<\/strong> engulfed in flames following a drone attack. The company has declared <strong>force majeure<\/strong> and evacuated all employees, marking the latest in a series of strikes targeting Russian infrastructure.<\/p>\n<p>Meanwhile, <strong>China&#39;s Ministry of Finance<\/strong> is moving to bolster its debt market. The ministry announced it will reopen <strong>100 billion yuan ($13.8 billion)<\/strong> in <strong>7-year treasury bonds<\/strong> on August 7. This follows a surge in <strong>Panda bond<\/strong> issuance, which rose <strong>69%<\/strong> in the first half of the year as Beijing seeks to expand the global role of the yuan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Elon Musk dismissed reports that Tesla (TSLA) is considering selling its China operations to facilitate a merger with 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