Market Voices: Tesla ranked most American-made car brand

Seeking Alpha’s daily roundup of remarks and statements that can impact markets, sectors or individual stocks.

• Tesla (NASDAQ:TSLA) is the No.1 most American-made car manufacturer, according to an annual ranking by Cars.com.

Tesla’s Models 3, Y, S and X took the top three slots, followed by Stellantis’s (NYSE:STLA) Jeep Gladiator; Kia’s EV6; Honda’s (NYSE:HMC) Ridgeline, Odyssey and Passport; and Volkswagen’s (OTCPK:VWAGY) ID.4.

Cars.com said rankings were based on five factors: assembly location, parts sourcing, U.S. factory employment relative to vehicle production, engine sourcing and transmission sourcing.

• President Trump fueled speculation that the United States could become more directly involved in Israel’s military campaign against Iran, telling reporters that he wanted to put an end to Iran’s nuclear weapons-making capabilities.

“An end. A real end. Not a ceasefire. An end,” Trump told reporters on Air Force One, when asked about whether he was seeking a ceasefire, according to Bloomberg.

• Homebuilder sentiment is sliding, resulting in more price cuts, according to the most recent survey by the National Association of Home Builders.

“Buyers are increasingly moving to the sidelines due to elevated mortgage rates and tariff and economic uncertainty,” said NAHB Chairman Buddy Hughes, in a statement. “To help address affordability concerns and bring hesitant buyers off the fence, a growing number of builders are moving to cut prices.”

The NAHB said June’s survey reading was the third lowest since 2012. The survey also showed that 37% of respondents lowered prices on new homes in June, compared with 34% in May and 29% in April.

• JetBlue (NASDAQ:JBLU) is implementing cost cuts as it doesn’t expect to achieve break-even operating margins this year.

“We’re hopeful demand and bookings will rebound, but even a recovery won’t fully offset the ground we’ve lost this year and our path back to profitability will take longer than we’d hoped. That means we’re still relying on borrowed cash to keep the airline running,” JetBlue CEO Joanna Geraghty said in a company memo earlier this week, according to CNBC.