It's time for Yahoo! Finance's market minute. Tesla shares slumping today, shipments from the EV maker's China plant falling for the eighth consecutive month, down 15% in May, according to China's passenger car Association. This comes as Musk is sounding off on social media against the President Trump backed budget bill, calling it a quote "disgusting abomination" and saying, calling for the firing of politicians who voted for it here. Palantir on track to snap its three-day win streak, the stock closing at a record high on Tuesday, pushing year-to-date gains to over 70%, making it the second best performer in the S&P 500 index this year. The stock getting a big boost in recent weeks as it benefits from America's increased defense spending. And Spotify shares are higher. Bern C initiating coverage of the stock with an outperform rating, analysts saying that they expect the streamer to gain pricing power and deliver a strong launch of its new tools aimed at its most engaged users. And that's your Yahoo! Finance market minute. Scan the QR code for more.