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Hi Reader, here's what you need to know for July 5th in 3:05 minutes.

🐻 If 2020 taught us anything, it’s that panic-buying will get you nothing but a toilet paper shortage. So join Wealthyhood’s Alexandros Christodoulakis for How Not To Panic In A Bear Market on Thursday, and find out how to choose logic over emotions. Please, we can’t run out of canned goods again. Grab your ticket

Today's big stories

Tesla’s deliveries fell short of expectations last quarter
There are still a few stocks and sectors worth investing in as we approach earnings season – Read Now
Germany posted its first trade deficit in over 30 years in May

Asleep At The Wheel

What’s Going On Here?

Tesla announced over the weekend that it delivered far fewer cars than analysts were expecting last quarter.

What Does This Mean?

You might’ve been so wrapped up in Elon and Twitter’s will they, won’t they that you forgot about Tesla, the billionaire’s other little venture. Let’s catch you up: a shortage of parts and the pandemic-linked shutdown of the company’s Shanghai plant – which produced around half its total output last year – limited the number of EVs it could deliver last quarter. And sure, it still shipped nearly 255,000 of them – 27% more than it did the same time last year. But that was well below estimates, which analysts had already revised down in light of China’s lockdowns. Tesla has now delivered 564,000 this year, but it’ll need to get cracking if it has any hope of meeting its full-year target of 1.5 million. Challenge accepted: June saw Tesla produce the most EVs it’s ever produced in a single month.

Why Should I Care?

The bigger picture: What goes up…
Bank of America is expecting annual EV sales in the US to hit 3.2 million by 2025, up from 400,000 last year. But it also thinks Tesla’s position as the US market leader is finally under threat. The bank suspects a barrage of new EV releases from other carmakers means Tesla’s market share will dwindle from 70% today to 11% by 2025, and that GM and Ford will lead the US market with 15% each (tweet this).

For you personally: Tesla isn’t just an EV maker.
Tesla's stock might’ve lost $350 billion in market value this year, but it’s still outperformed both of the aforementioned rivals. That might be because its exposure to cutting-edge tech – like robotics and more efficient solar roof tiles – means investors are buying into more than just EVs. And since some analysts think its stock will be 50% higher in 12 months’ time, its recent dropoff might make now prime time to buy in yourself.

You might also like: What investors are getting wrong about the EV market right now.

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Analyst Take

After A Quarter Like That, Are There Any Stocks Worth Investing In?

Carl Hazeley, Analyst

What a quarter it’s been: record high inflation, rising interest rates, a bear market, ongoing geopolitical tensions, a crypto crash, and plenty more besides.

So what a relief that we’re finally saying sayonara to the quarter, and hello to earnings season.

Not that this is a promising one: analysts are expecting US stocks to post second-quarter profits that are 4.3% higher than the same time last year – the smallest uptick since the end of 2020.

But there is still growth to be found, if you know where to look.

So that’s today’s Insight: the companies and sectors that stand to do the best out of earnings season.

Read or listen to the Insight here

Crypto security never looked so good

When it comes to your digital investments, safety comes first.

Of course, it’s always a bonus when safety comes wrapped in a pretty little package.

Just like the nifty new Nano S Plus: Ledger’s latest secure wallet comes with more memory, so you can manage over 5,500 digital assets and install more than 100 apps.

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Keep your assets safe in style: check out Ledger’s Nano S Plus.

Show Me The Wallet