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• The rally coincided with a broader auto sector advance and positive sentiment tied to a euro-denominated bond issuance.
• Lucid delivered 3,953 vehicles in the second quarter, below Wall Street estimates of approximately 4,618.
• Bank of America raised its price target on Ferrari to $458 from $403.
• The gain followed last week's announcement of a manufacturing joint venture with Joby Aviation to produce electric air taxis.
• Tesla reported second-quarter production of 451,758 vehicles, exceeding Wall Street consensus estimates.
• Coherent signed a three-year supply agreement with AXT Inc. covering 6-inch compound semiconductor wafer substrates.
• Element Solutions shares fell about 3.5% in Tuesday trading to $42.13, down from a prior close of $43.64.
• Solstice agreed to acquire Element Solutions in a cash-and-stock transaction valued at approximately $14.5 billion, including net debt.
• T-Mobile US shares rose about 2.4% in Tuesday trading to $182.56, up from a prior close of $177.52.
• TeraWulf shares rose about 6% in Tuesday trading to $22.37, up from a prior close of $21.18, snapping a seven-session losing streak.
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