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Tesla shares fell on premarket

7 June 2021
2437
2 min.
25
Tesla shares fell on premarket

NYSE premarket

Tesla (NASDAQ:TSLA) shares fell 0.5% on the New York Stock Exchange premarket after CEO Elon Musk announced on Twitter (NYSE:TWTR) that the electric car maker has halted production of the Model S Plaid Plus, which was expected to be Tesla's longest-range car and the most expensive version of its flagship Model S sedan.

Shares in Amazon (NASDAQ:AMZN), Facebook (NASDAQ:FB), Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT) and Netflix (NASDAQ:NFLX) will be in focus after the G-7 agreed to support a minimum global corporate tax rate of 15%.

AMC Entertainment shares are up 2.5%, GameStop (NYSE:GME) is up 1.2% and Blackberry is up 1.7%.

Shares of QTS Realty (NYSE: QTS) were up 21 per cent.

US Concrete (NASDAQ: USCR) shares rose more than 27% after the company agreed to acquire Vulcan Materials (NYSE: VMC) 0.7%), for $1.3bn.

Shares of KKR (NYSE: KKR) added 1.1% after the investment firm announced plans to buy airport services firm Atlantic Aviation from current owner Macquarie Infrastructure (NYSE: MIC), whose shares are up more than 13%, for nearly $4.5 billion, seeking to capitalize on growing demand for private jet services.

Progressive (NYSE: PGR) shares fell 2% after Morgan Stanley (NYSE:MS) downgraded the insurance company's stock from 'mid-market' to 'below market'.

Visa (NYSE:V) shares rose 1.2% after investment firm Piper Sandler upgraded its assessment of the payments company's stock from "mid-market" to "above market", saying it looked cheap compared to its main rival Mastercard (NYSE:MA), which has outperformed Visa over the past year.

Shares in Peloton (NASDAQ: PTON) rose 1.6% after Loop Capital Markets gave the fitness equipment company a 'buy' rating, saying recent difficulties, including the recall of around 125,000 Tread+ treadmills, were exaggerated and investors should buy the stock during the fall.

Biogen (NASDAQ: BIIB) shares rose 3.3% ahead of the FDA's decision on whether to approve the drug aducanumab, produced by that manufacturer to treat Alzheimer's disease.

Persons1 and Companies24 in the news

CEO of Tesla
1 place
U.S. Concrete
3 place
BlackBerry
5 place
Piper Sandler
7 place
GameStop
10 place
Macquarie
13 place
Twitter
14 place
Netflix
15 place
Tesla
16 place
Biogen
17 place
Visa
18 place
Mastercard
19 place
Facebook
20 place
Microsoft
21 place
Apple
22 place
Amazon
23 place
Morgan Stanley
24 place
Section:

Discussion

Rating companies
Tesla
69 Mention
Apple
68 Mention
Nasdaq
66 Mention
Amazon
56 Mention
Dow Jones
53 Mention
Facebook
50 Mention
Microsoft
36 Mention

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