Tuesday’s Premarket Stock Moves: Tesla, First Republic Bank, Harley-Davidson, Meta Platforms
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Tesla ($TSLA@US) rose 2 percent in premarket trading on Tuesday after Moody’s removed its junk rating status and assigned it a Baa3 rating, indicating that the electric vehicle maker carries a moderate credit risk. First Republic ($FRC@US) surged roughly 20 percent in premarket trading following a report that JPMorgan Chase ($JPM@US) is advising the troubled regional bank. Harley-Davidson ($HOG@US) rose 3.8 percent after Morgan Stanley upgraded the motorcycle maker’s stock to overweight from equal weight. Meta ($META@US) Platforms rose nearly 3 percent in premarket trading after Morgan Stanley upgraded the Facebook parent as a result of its efficiency plans and new Reels strategy.