Displayed on a smartphone screen, the Tesla, Inc. logo captures attention in this photo illustration.
Rafael Henrique | Lightrocket | Getty Images
Discover the latest news from companies in premarket trading.
Tesla saw a nearly 7% surge in its stock after exceeding Wall Street’s expectations for second-quarter delivery and production numbers. The company experienced an 83% increase in deliveries compared to the previous year.
Electric vehicle stocks also experienced gains after Tesla’s strong second-quarter numbers. U.S.-listed shares of Nio and Xpeng rose approximately 5% and 7.8% respectively in premarket trading. Additionally, Rivian experienced a 3.2% gain, while Fisker and Lucid each gained over 2%.
Apple saw a slight decline of 0.4% in its stock following reports of plans to reduce production of the Vision Pro headset. Apple’s stock had closed above a $3 trillion market cap on Friday.
AstraZeneca experienced a 5.7% drop in premarket trading after announcing preliminary results from a phase three trial for a lung cancer treatment. Although the drug showed promise in comparison to a competitor in one aspect, AstraZeneca stated that the data for overall survival was inconclusive and not statistically significant. Nevertheless, the trial will continue.
United Airlines had a marginal increase in its stock despite being negatively affected by flight delays during the holiday weekend.
China-based technology stocks experienced a rise in premarket trading, leading to a boost in the KraneShares CSO China Internet ETF value. Alibaba, PinduoduoFollow Google News
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