Well, that was quick. No, I'm not talking about the tenure of Anthony Scaramucci as White House Communications Director, but rather the time it took for something to go wrong at Tesla Inc. (TSLA) - Get Tesla Inc Report .
But while the bears came down on the stock -- Tesla closed down about 3.5% -- some out there are calling the Model 3 Elon Musk's "iPhone" moment and hinted that this is just the beginning for Tesla. Touted for its "minimalist user interface" and luxury feel the Model 3 may be setting the stage for Tesla as the iPhone did for Apple Inc. (AAPL) - Get Apple Inc. Report . While I'm pretty sure Steve Jobs never described iPhone production as "Manufacturing hell" as Musk did today, Apple did have its fair share of missteps as it put out a product that was, for all intents and purposes, vastly superior to all other smartphones on the market at the time. We'll see if Tesla can deliver, but first check out Eric Jhonsa's piece and make your own judgements.
Outside the two most-watched stocks in the market, it was a day dominated by deals. Deals that were happening, deals that weren't happening anymore, and deals that were transforming right in front of our eyes.
Sprint Corp. (S) - Get SentinelOne, Inc. Class A Report failed (for now) $100 billion-plus bid Charter Communications Inc. (CHTR) - Get Charter Communications, Inc. Class A Report and Dow Chemical Co.'s (DOW) - Get Dow, Inc. Report $130 billion combination with Dupont (DD) - Get DuPont de Nemours, Inc. Report were at the top of minds in the dealmaking community while rumbles continued to swirl that Twitter Inc. (TWTR) - Get Twitter, Inc. Report , a company I went on a tangent about last week amid all the rumors of its demise, could be batting its eyes at Walt Disney Co. (DIS) - Get Walt Disney Company Report once again.
But we've heard most of this before, no?
One of the biggest companies you might not know much about, however, was behind one of those massive deals. Japan's SoftBank Group Corp., which took over Sprint last year, is steering the ship in its pursuit of Charter. But who is behind SoftBank?
His name is Masayoshi Son and he is the founder of SoftBank, a University of California at Berkeley graduate and has made a career via disruptive acquisitions across the globe. While Son would rather combine Sprint, the No. 4 U.S. wireless carrier with T-Mobile USA Inc. (TMUS) - Get T-Mobile US, Inc. Report to challenge AT&T Inc. (T) - Get AT&T Inc. Report and Verizon Communications Inc. (VZ) - Get Verizon Communications Inc. Report , acquiring Charter for more than $160 billion is reportedly plan B.
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Photo of the day: The birthday boy
Scholastic Inc. (SCHL) - Get Scholastic Corporation Report and other publishers have a lot to be thankful for as Monday, July 31, marks Harry Potter's birthday, albeit a fictional one if the muggles are to be believed. You're already looking at $7.7 billion, and that's just book sales, according to CNBC. Above Daniel Radcliffe (right), who played Harry Potter, and Rupert Grint, who played Ron Weasley, during a scene from the first full-length feature film "Harry Potter and the Sorcerer's Stone." The film franchise generated another $7.7 billion in revenue, for Warner Bros.
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