Tesla (TSLA.O): The 20% production growth target for the Berlin Gigafactory announced in April is under revision again.

S&P Global said on the 25th that 78 vessels transited the Strait of Hormuz on the 24th, the highest daily count since the Iran conflict began. The month's daily average transit rate has recovered to roughly 57% of pre-conflict levels; cumulative transits reached 551 as of the 24th and the month is on track to be the busiest since the conflict began. Departing vessels include ships long idled by the conflict as well as recent entrants, signaling early normalization of shipping activity, though continuation depends on consolidation and implementation of related agreements.

Crimea regional governor Sergey Aksyonov said on social media that Ukrainian armed forces attacked the region overnight from the 24th to the 25th, killing two people, including a child, and wounding two. Ukrainian officials said overnight from the 24th to the 25th Russian forces used drones, artillery and aerial bombs to strike Sumy, Kherson and Dnipropetrovsk regions, injuring at least nine.