(TSLA) is expected to report third-quarter deliveries on Monday. Estimates have varied but the latest is that the electric-vehicle giant will post deliveries of 461,000, according to FactSet.
delivered about 466,000 vehicles in the second quarter. Separately, a report said Tesla also unveiled an updated version of its Model Y in China. The stock was rising 0.4% in premarket trading.
U.S.-listed shares of Chinese EV makers
(
),
(XPEV), and
(LI) also were trading higher after the companies reported a combined 66,831 deliveries in September, up 116% from a year earlier. It was the second-best combined month ever. NIO rose 0.4%,
gained 0.8%, and
was up 1.4%.
Shares of
(RIVN) were up 3% to $25 after Evercore ISI upgraded the EV truck maker to Outperform from In Line with a price target of $35.
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(AMC) rose 1.6% after the movie-theater chain said a film based on Beyonce‘s Renaissance World Tour would be released globally by the company. “Renaissance: A Film by Beyonce” officially will open in the United States, Canada, and Mexico on Dec. 1. AMC announced in August it would release the “Taylor Swift: The Eras Tour” concert film on Oct. 13, and serve as its global distributor.
(AAPL) traded up 0.2%. The company said over the weekend it plans to release an iOS 17 software update to improve overheating issues with the recently released iPhone 15.
Earnings reports are expected this week from
(STZ),
(LW),
(CAG), and
(LEVI).
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Write to Joe Woelfel at joseph.woelfel@barrons.com
Read More:Tesla, NIO, Rivian, AMC, Apple, and More Stock Market Movers
2023-10-02 10:07:00