This photo illustration features the Tesla, Inc. logo. displayed on the smartphone screen.
Rafael Henrique | Lightrocket | Getty Images
Check out the companies that made headlines in pre-market trading.
Tesla — Tesla shares jumped nearly 7% after the electric vehicle company published in the second quarter delivery and production numbers that beat Wall Street expectations. Deliveries increased by 83% year-on-year.
Electric vehicle stocks — Electric vehicle stocks rose broadly after Tesla posted better-than-expected production and delivery numbers for the second quarter. Shares listed in the US Nope and Xpeng jumped 5% and 7.8% in the premarket. Rivian added 3.2% while Fisker and Lucid each gained more than 2%.
Apple — Shares of the iPhone maker fell 0.4% on news that Apple plans to cut production of Vision Pro headsets. Apple shares closed at the top 3 trillion dollars in the market on Friday.
AstraZeneca — The drugmaker’s shares fell 5.7% in premarket trading after AstraZeneca announced pPreliminary results for a phase III study of lung cancer treatment. While the drug compared well with the competition on one endpoint, data on overall survival was not “mature” and indicated that the results were not statistically significant, AstraZeneca said in a press release. The trial will continue, according to the company.
United Airlines — Shares of the airline traded marginally higher before the bell, even after the carrier exposed the main thrust flight delays that occurred across the country over the holiday weekend.
China Internet Stocks — Shares of China-based technology stocks gained before the bell and rose KraneShares CSO China Internet ETF. Alibaba, Pinduoduo and JD.com shares gained 1.9%, 3.2% and 3.1%. The gains came amid reports that Treasury Secretary Janet Yellen is plans a meeting with senior Chinese officials in Beijing later this week.
Energy Stocks — Energy stocks picked up in premarket trading, lifted by higher oil prices after leading exporters reduce supply for August. Halliburton and ConocoPhillips each added about 1%. Chevron, Devon Energy and Occidental Petroleum also moved up.
— CNBC’s Jesse Pound contributed reporting