Benzinga Charging Wars TESLA vs TOYOTA Podcast

Daily Stock Picks and News from Benzinga Newsdesk with host Brent Slava

Straight from Benzinga newsdesk, hosts Brent Slava and Michael O’Connor bring you the market news and stocks to watch.

Tesla, Inc. (NASDAQ:TSLA) reported a sharp increase in China sales for the month of June. The company delivered 93,680 units of Giga Shanghai-made cars in June, according to data from the China Passenger Car Association, which represents a 18.72% increase from a year-ago and 20.57% growth from April’s sales. Data released by the Elon Musk-led company showed that it delivered 466,140 units globally in the quarter. Tesla shares jumped 6.9% to close at $279.82 on Monday, but lost 0.3% in the after-hours trading session.

Bank OZK (NASDAQ:OZK) increased its quarterly common stock dividend from $0.35 to $0.36 per share. Bank OZK shares declined 0.4% to $40.30 in the after-hours trading session.

Arrival (NASDAQ:ARVL) said on Monday that its proposed merger with special purpose acquisition company Kensington Capital Acquisition Corp V has been terminated. Arrival shares jumped 7.4% to $2.77 in after-hours trading.

Toyota Motor Corp (NYSE:TM) disclosed that it has achieved a technological breakthrough enabling a potential halving of the weight, size and cost of batteries, signaling a significant advancement for electric vehicles. Toyota Motor shares fell 0.1% to $160.32 in the after-hours trading session.

Evotec SE (NASDAQ:EVO) reported that its subsidiary, Just – Evotec Biologics, has been awarded a $74 million contract by the U.S. Department of Defense under Accelerated Antibodies Program. Evotec shares fell 0.1% to $11.08 in the after-hours trading session.