There’s a strategy behind the Iran war.
I know because I heard it directly.
In a closed-door meeting with a source whose connections run deep into global power networks.
He walked me through the real purpose.
The real objective.
And the massive deal tied to it.
I verified every piece.
This isn’t random.
It’s planned.
The better positioned you’ll be.
Exclusive Headlines
The $25 Billion Test Behind Tesla's Best Delivery Quarter
Tesla answered the demand question this quarter and replaced it with a returns question. Record Q2 deliveries showed the vehicle franchise can still grow. A 1.4% operating margin and negative free cash flow showed how little that growth currently earns.
Tesla delivered 480,126 vehicles, up 25%, against production of 451,758. Days of supply fell to 15 from 27 in Q1. Trailing revenue crossed $100 billion for the first time. But regulatory credits collapsed to $146 million from $439 million. Automotive gross margin excluding credits was 16.3%, up from 15.0% a year ago but down sharply from 19.2% in Q1. Operating expenses rose 47%. Revenue rose 26% while operating income fell 57% to $398 million.
Reported revenue of $28.2 billion beat both Bloomberg's $26.3 billion and LSEG's $25.7 billion. Adjusted EPS of $0.33 missed the $0.50 consensus. Net income of $1.1 billion leaned on a $1 billion unrealized markup on Tesla's SpaceX stake and $0.08 in discrete tax items. Strip both and quarterly earnings nearly vanish.
Paid FSD subscriptions reached 1.48 million, up 56%. More than 55% of North American deliveries now include FSD. Services and Other revenue grew 50% to $4.6 billion at 14% margin. Robotaxi is live in seven metros. Cumulative paid miles reached about 2.4 million from an estimated 21 vehicles. Waymo was running about 500,000 fully autonomous rides per week heading into the print.
Capex hit $5.8 billion, up from $2.5 billion in Q1. Full-year spending is guided above $25 billion. Free cash flow swung to negative $1.1 billion. CFO Vaibhav Taneja said Tesla is positioning to borrow up to $30 billion.
Shares fell more than 3% after hours on top of a 17% year-to-date decline. Volume can be demonstrated every quarter. Returns on fabs, fleets, and robots will take years.
GM Was Supposed to Have a Hard Year. Someone Forgot to Tell GM.
Six months ago the smart framing on GM was survival. Tariffs were biting. Commodity costs were climbing. Instead, GM raised full-year guidance for the second time. Adjusted EPS jumped 41%. Shares climbed more than 3%.
Adjusted EPS of $3.57 beat consensus of $3.13 to $3.19. Revenue of $48 billion grew 1.9% versus the roughly $46.6 billion expected. Adjusted operating profit rose 30% to $3.9 billion. North America earned $3.4 billion, up more than 40%, with margins expanding 2.5 points to 8.6%, back inside the 8% to 10% target range.
The margin looks earned. Average transaction prices ran about $52,400. GM spent 4.7% of sticker on incentives versus 6.3% industry average. Dealer lots held 511,000 vehicles at 55 days of supply. Full-size pickup share topped 42% in the first half, more than 10 points clear of the nearest rival.
Reported net income fell 31% to $1.3 billion. GAAP EPS dropped to $1.41 from $1.91. The gap is EV retreat costs, another $2.3 billion this quarter. Running total is $10.9 billion in EV charges since mid-2025. GM bought back $2 billion in the quarter and has 35% fewer shares than in 2023. That is why operating profit rose 30% while EPS rose 41%.
New guidance calls for $14 to $16 billion in adjusted operating profit and $12 to $14 EPS. GM already banked $8.2 billion in H1, so the implied H2 slowdown is intentional. Tariffs cost about $900 million per quarter. The Silverado and Sierra launch hits Q4 with a 35,000-unit headwind.
Barra said the real truck opportunity comes "very late 2027 or more in the 2028 timeframe." Investors bought reduced risk of a stumble. The future gets decided next year across three truck plants.
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