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, indicating a continued contraction in regional demand across the EU.
FedEx (FDX): Slumps on Lower Demand for Shipments from China
FedEx fell more than 5% in premarket trading after a tariff hike significantly reduced the volume of packages shipped from China, negatively impacting earnings by $170 million.
QuantumScape (QS): Up 30% After Breakthrough in Solid-State Batteries
QuantumScape shares surged 30% before the opening bell, driven by a major breakthrough in its solid-state battery technology, renewing investor optimism in the EV battery sector.
General Mills (GIS): Reports Results After Cutting Forecasts
General Mills is set to report earnings on Wednesday. The company had already reduced its annual guidance in March due to persistent weakness in the packaged foods segment.
BlackBerry (BB): Jumps 12% After Improving Its Annual Forecast
BlackBerry rose 12% in premarket trading after raising its full-year earnings forecast. The company also reported quarterly results that exceeded market expectations.
