CNBC Daily Open: Tesla booms in a quiet market

"It was a jaw dropper," Wedbush Securities' Dan Ives said, referring to Tesla's blockbuster report on its second-quarter deliveries. "Those price cuts, that was the poker move that they needed to make to put an iron fence around their install base."over those price cuts. "The key question for investors is what might margins be?" Sacconaghi said. "We worry that Tesla will have to further lower prices in 2023 and/or 2024 to meet unit expectations.

U.S. markets will be closed today as traders celebrate Independence Day. On the agenda: barbecues. And while not literally on the grill, broader indexes should have a sizzling July, if history is any guide: CNBC's Robert Hum noted that since 2009, the month has been the best of the year for the S&P and Nasdaq, and the second best for the Dow.

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