Tesla, Micron and WWE fall premarket; McDonald’s, Li Auto rise

Tesla, Micron and WWE fall premarket; McDonald's, Li Auto rise
© Reuters.

By Peter Nurse

Investing.com — Stocks in focus in premarket trade on Monday, April 3rd. Please refresh for updates.

  • Tesla (NASDAQ:) stock fell 3.2% after the said on Sunday it had delivered a record 422,875 vehicles in the first quarter of the year. While this is up 4% from the previous three months and up 36% from the same quarter in 2022, it’s still well short of the target that Chief Executive Elon Musk has set for the company this year.

  • Micron (NASDAQ:) stock fell 0.6%, extending Friday’s losses that were sparked by a decision from China to launch a review of imports from the .

  • WWE (NYSE:) stock fell 6.2% and Endeavor (NYSE:) stock rose 1% after the two companies agreed to merge to form a new combat sports and entertainment group to be controlled by Endeavor, which owns UFC.

  • McDonald’s (NYSE:) stock rose 0.7% after the Wall Street Journal reported that the is temporarily closing its U.S. offices this week as it prepares to inform corporate employees about its layoffs as part of a broader company restructuring.

  • Li Auto (NASDAQ:) stock rose 1.3% after the Chinese electric vehicle manufacturer sees first-quarter deliveries surge by 66%.
  • Automatic Data Processing (NASDAQ:) stock fell 2.9% after Bank of America downgraded its stance on the provider of business services software to ‘underperform’ from ‘neutral’ ahead of its third-quarter earnings.

  • First Solar (NASDAQ:) stock fell 2% after Morgan Stanley downgraded its stance on the manufacturer of solar panels to ‘underweight’ from ‘equal weight’ on valuation.

  • Paychex (NASDAQ:) stock fell 2.1% after Bank of America downgraded the payroll services company to ‘underperform’ from ‘neutral’ in the wake of last week’s quarterly .

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