Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.

Good afternoon. Today is Monday, July 7th, and I'm your host, Kim Kahn. Our top story so far.

X-Peng is creating some waves in the electric vehicle sector after unveiling its Turing ship in its latest electric vehicle model.

The Turing Ship is X-Peng's groundbreaking, self-developed artificial intelligence processor

that the company designed to power the next generation of smart electric vehicles and advanced mobility platforms.

Developed internally by X-Peng, the Turing Ship is said to represent a major leap in automotive AI,

offering unprecedented computing power and efficiency tailored for autonomous driving and

intelligent cockpit systems. The 40-core processor and two proprietary neural processing units

set the chip up to run large-scale AI models through its impressive computing capability

of 700 trillion operations per second per chip.

Along with its 40-core processor, the chip integrates two proprietary neural processing units.

The specialized architecture of the chip is optimized for neural networks and large AI models.

The Turing ship debuted this month in the G7 SUV. The new G7 electric SUV in China entered the

fiercely competitive electric crossover market with a starting price of just $195,800 yuan,

$27,325, and is seen as positioned squarely to compete with the Tesla Model Y and the new

Xiaomi YU7. Early reviews of the AI-enhanced G7 have been positive,

especially with the cheering chip seen as a competitive edge. Also in the EV sector, Tesla is the

weakest performer in the S&P following CEO Elon Musk's announcement of plans to launch a new

political party. The America Party could concentrate its efforts on just two or three Senate seats and eight or ten House districts, Musk said.

Wed Bush analyst Dan Ive said, very simply, Musk diving deeper into politics and now trying to take on the Beltway establishment is exactly the opposite direction that Tesla investors and shareholders want him to take during this crucial period for the Tesla story.

Given the limited success, independence have seen politically in the US historically, this

will be viewed as a disruptive for Tesla and political gamble by Musk heading into competitive

...