Tesla (NASDAQ:TSLA) – Shares of Tesla surged nearly 7% after the electric vehicle company reported second-quarter delivery and production numbers that exceeded Wall Street’s expectations. Deliveries rose by 83% year over year.
Electric Vehicle Stocks – Electric vehicle stocks saw broad gains following Tesla’s strong production and delivery numbers for the second quarter. Rivian added 3.2%, while Fisker (NYSE:FSR) and Lucid (NASDAQ:LCID) gained over 2% each.
Xpeng (NYSE:XPEV) – U.S.-listed shares of the Chinese electric vehicle company jumped approximately 7% after surpassing its delivery forecast and achieving a 27% quarter-on-quarter increase following a period of over a year with declines. Other China-based EV stocks, Nio (NYSE:NIO) and Li Auto (NASDAQ:LI), rose over 4% each on solid delivery numbers.
Apple (NASDAQ:AAPL) – The stock of the iPhone maker dipped 0.4% following a report that Apple plans to scale back production of its Vision Pro headset. Apple shares closed above a $3 trillion market cap on Friday.
AstraZeneca (NASDAQ:AZN) – Shares of the drugmaker fell 5.7% in premarket trading after AstraZeneca announced preliminary results for a phase three trial of a lung cancer treatment. While the drug showed favorable results compared to a competitor on one endpoint, AstraZeneca stated that the data for overall survival was “not mature” and indicated that the results were not statistically significant. The trial will continue, according to the company.
United Airlines (NASDAQ:UAL) – The airline stock traded slightly higher before the bell, despite being heavily impacted by flight delays nationwide over the holiday weekend.
Chinese Internet Stocks – Shares of China-based technology stocks rose in premarket trading, lifting the KraneShares CSO China Internet ETF. Alibaba (NYSE:BABA), Pinduoduo (NASDAQ:PDD), and JD.com (NASDAQ:JD) gained 1.9%, 3.2%, and 3.1% respectively. The gains came amid news of Treasury Secretary Janet Yellen planning to meet with senior Chinese officials in Beijing later this week.
Energy Stocks – Energy stocks advanced in premarket trading, buoyed by a rise in oil prices following supply cuts by top exporters for August. Halliburton (NYSE:HAL) and ConocoPhillips (NYSE:COP) added about 1% each. Chevron (NYSE:CVX), Devon Energy (NYSE:DVN), and Occidental Petroleum (NYSE:OXY) also experienced gains.
Featured Image: Freepik
Author Kristen Moran 
