Tesla and Oracle fell in premarket, while Amazon rose

Tesla and Oracle fell in premarket, while Amazon rose

Tesla and Oracle fell in premarket, while Amazon rose

Investing.com – Tesla shares tumbled 4.6% after CEO Elon Musk said on Twitter that the advancements unveiled at Battery Day by the EV maker will not receive “major mass production” until 2022.

Oracle shares fell 1.5% after China's state-owned newspaper The Global Times said in an editorial that Beijing was unlikely to approve Byte Dance's deal over the TikTok mobile video app.

Intel shares surged 0.3% after the tech giant announced it had received licenses from the US government to continue supplying certain products to Huawei Technologies, despite new restrictions aimed at ousting the Chinese company.

Disney shares rose 0.3% after opening hours of all four Walt Disney World amusement parks in Florida were extended this weekend. Hong Kong Disneyland will also open on Friday for a limited number of visitors.

Comcast shares tumbled 0.2% after hedge fund Trian Fund Management acquired a stake in the cable TV giant, buying 7.16 million Class A common shares.

Tiffany rose 0.7% after a US court set a January date for filing a lawsuit against LVMH for attempting to back out of a $ 16 billion acquisition of a US jewelry firm.

Nikola shares fell 2.3%, continuing to decline after falling 19% on Monday following the resignation of founder Trevor Milton. Deutsche Bank lowered its target for the stock from $ 50 to $ 29

Coca-Cola shares tumbled 0.2% after CEO James Quincy said the beverage giant intends to release its first spirits, Seltzer, to the growing U.S. market in the first half of 2021.

Amazon shares surged 1.8% after Bernstein raised the company's investment recommendation for the stock to above the market average, saying its recent pullback makes such an attractive entry point.

AutoZone rose 3.7% after the auto parts retailer announced that its fiscal fourth quarter earnings and sales were well above expectations.

Carvana rose 13% after the online car finance company said it expects to hit records in third-quarter revenue, retail sales and gross margin per unit.

Written by Peter Nurse

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