Magnificent 7 Weekly Briefing

July 3, 2026

Tesla's deliveries beat expectations but trail BYD, Google loses a major $4B antitrust appeal, and Apple's future product leaks surface and more.

• Tesla reported second-quarter vehicle deliveries of 480,126, exceeding many analysts' expectations despite a global slowdown in electric vehicle sales growth; however, Chinese competitor BYD reclaimed the title of top global EV seller for the quarter with 557,090 deliveries. ¹²³⁴⁵⁶
• Google faced significant legal setbacks as the European Court of Justice dismissed its final appeal against a record €4.1 billion ($4.4 billion) Android antitrust fine, while a Swedish court ordered the company to pay $1.5 billion in damages to Klarna's Pricerunner unit. ^7891011
• Apple is reportedly preparing for a massive product launch featuring a $2,500 'iPhone Ultra' and its first foldable model, even as the company grapples with surging memory prices and a major data breach involving 181 sensitive files from its assembly partner in India. ^{12131415161718}
• Microsoft announced further layoffs affecting less than 2.5% of its workforce and several gaming studios while simultaneously launching 'Frontier Company,' a $2.5 billion initiative focused on co-designing AI transformation systems with customers. ^192021222324
• Amazon and Google's latest environmental reports highlighted a conflict between climate goals and AI growth, with Google reporting a 37% surge in electricity consumption driven by the expansion of its data centers. ^25262728
• Nvidia expanded its ecosystem by partnering with Microsoft to bring Anthropic’s Claude models to Azure and providing hardware for the first AI inference system in lunar orbit, while also helping Palantir secure sovereign AI for U.S. government agencies. ²⁹³⁰³¹
• Other notable developments include Tesla clearing a regulatory hurdle in Texas for its Cybercab robotaxi, the U.S. Supreme Court agreeing to review Apple's legal battle with Epic Games, and Meta introducing an open-source design system called Astryx. ^3233343536

Sources

1. BYD sold more EVs globally than Tesla in Q2 2026 after losing out in Q1 - 557,090 vs 480,126 deliveries Paul Tan's Automotive News
2. Elon Musk's Tesla shocks Wall Street with record sales — but shares still tumble New York Post
3. Tesla Delivers 480,126 Vehicles In Q2, “Far Better Than The Street Was Expecting” Yahoo Finance
4. BYD Just Beat Tesla By a Massive 160,000 Electric Cars in ONE Quarter - Gadget Review Gadget Review
5. Tesla Q2 deliveries seen rising as European demand gathers pace (TSLA) Yahoo Finance
6. Tesla Faces Q2 Delivery Test GuruFocus
7. Google Loses Fight Against Record €4.1 billion Android Antitrust Fine The Information
8. EU top court dismisses Google fight against record €4.1 billion EU antitrust fine Reuters
9. Google hit with $2-billion antitrust judgment for skewing shopping searches Los Angeles Times
10. Swedish court says Google is to pay $1.5 billion to Klarna in antitrust damages Reuters
11. South Korean Trade Watchdog Alleges Google Abused Its Position in Android App Store U.S. News & World Report
12. Apple expects 10 million people to buy a $2,500 iPhone Ultra — and it's a huge gamble Tom's Guide
13. Apple iPhone Ultra may see 10 million-unit production as launch nears, claims report Moneycontrol
14. Forget the dull iPhone 18 Pro leak — hackers took 181 files from Apple's India assembly partner, and we should brace for more TechRadar
15. Apple iPhone 18 Pro supplier list, parts and photos exposed in Tata data leak Reuters
16. RAM crisis: Micron indirectly blames Apple heise online
17. Apple’s September 2026 Event: New CEO John Ternus to Unveil First Foldable iPhone Geeky Gadgets
18. Apple is so cornered by surging memory prices it's making a move it always refused PhoneArena
19. Microsoft Announces New AI Company Days Before Mass Layoffs: 'A Learning Loop In Which Human Capital And Token Capital Compound' Kotaku
20. Microsoft introduces Frontier Company for AI transformation Microsoft
21. Xbox’s ‘reset’: all the news about Microsoft’s looming layoffs and studio closures The Verge
22. Microsoft to cut under 2.5% of workforce in latest layoffs, Business Insider reports Reuters
23. Microsoft Could Cancel Marvel’s Blade And Close Its Developer Yahoo Finance
24. Xbox weighs canceling Blade game and shuttering Arkane The Verge
25. AI costs threaten Google and Amazon's climate pledges TechCrunch
26. Amazon releases 2025 Sustainability Report Amazon
27. Google releases its 2026 Environmental Report Google
28. Google’s AI Expansion Sparks Record 37% Power Use Surge Android Headlines
29. Nvidia announces Anthropic's Claude models now run on GB300 in Azure Nvidia
30. Nvidia Jetson powers first AI in lunar orbit Nvidia
31. Nvidia Nemotron models help Palantir secure AI for US agencies Nvidia
32. Meta introduces Astryx open-source design system Meta
33. Apple Gets High Court Review Of Epic Case Sanctions - Law360 Law360
34. Apple takes Epic fight over app store fees to the Supreme Court Ars Technica
35. Tesla starts testing Cybercab without pedals or a steering wheel in Austin TechCrunch
36. Tesla Cybercab Joins Texas AV Registry — Statewide Rollout Closing In BASENOR