Tesla (TSLA): Shares in the electric vehicle maker bounced back by 3% in premarket trading after the stock sold off Tuesday on new competitive pressures from Chinese rivals BYD, Xiaomi, and XPeng. Tesla stock has provided a windfall for short sellers this year, as it’s down over 44% since the start of 2025.
Also on Wednesday, Howard Lutnick’s Cantor Fitzgerald upgraded Tesla shares to a Buy rating, writing that the recent sell-off “represents an attractive entry point for investors.”
Strategy (MSTR): The bitcoin holder formerly known as MicroStrategy rose 1.9% in early trading and looks poised to stage a comeback from yesterday’s sell-off. The Michael Saylor-run firm said it would be selling stock to buy more bitcoin on Tuesday, sending mixed signals to investors.
General Mills (GIS): Shares in the maker of Pillsbury and Cheerios fell nearly 4% premarket after General Mills forecast a sharp decline in annual sales and profit Wednesday morning. Consumers switching to private-label brands has hit the cereal and snack maker particularly hard.
Intel (INTC): Intel stock slipped premarket in a week where investors weighed incoming CEO Lip-Bu Tan’s AI plan to turn the ailing chipmaker’s business around. Shares are off by 2.5% after a five-day winning streak.