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Key Points To Watch Out For:
- FedEx shares fell 5% after a tariff hike from China.
- Tesla suffers a sharp decline in sales in the European Union.
- QuantumScape rises 30% after advances in solid-state batteries.
Tesla (TSLA): sales fall more than 40% in the European Union
Tesla reported a drop of over 40% in new registrations in May. The data shows a further contraction in regional demand.
FedEx (FDX): slumps on lower demand for shipments from China
FedEx fell more than 5% in premarket trading. A tariff change cut the volume of packages shipped from China, impacting earnings by $170 million.
QuantumScape (QS): up 30% after breakthrough in solid-state batteries
QuantumScape shares soared 30% prior to the opening bell. The momentum came after a key breakthrough in its solid-state battery technology.
General Mills (GIS): reports results after cutting forecasts
General Mills will report earnings on Wednesday. In March, the company had bereits reduced its annual guidance due to ongoing weakness in packaged foods.
BlackBerry (BB): jumps 12% after improving its annual forecast
BlackBerry rose 12% in premarket trading after raising its annual earnings guidance. It also reported better-than-expected quarterly results.
