General Motors, Nikola Rise Premarket; Tesla Drops

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By Peter Nurse

Investing. com – Focus on industry movements before marketing on Tuesday, September 8. Update for updates.

Tesla shares (NASDAQ: TSLA) fell 14% after pronouncing Friday that the sale of $5 billion of non-unusual shares had ended.

The shares of General Motors (NYSE: GM) rose 7. 4% and Nikola (NASDAQ: NKLA) by 33% after a strategic partnership was pronounced, with GM taking an equitable share of 11% and $2 billion in the electric truck manufacturer.

Apple shares (NASDAQ: AAPL) fell by 5. 7%, Microsoft (NASDAQ: MSFT) 3. 6%, Facebook (NASDAQ: FB) 4. 1% and Amazon (NASDAQ: AMZN) fell by 3. 9%, all affected by the profit-taking related to the generation sector after the surge.

Boeing’s stock (NYSE: BA) fell 2. 5% after the Wall Street Journal reported that the Federal Aviation Administration was seeking quality gaps in the aircraft manufacturer that could go back just a decade.

Starbucks shares (NASDAQ: SBUX) fell by 0. 4%, saying they would upload herbal food and beverages to Asian menus starting in September, targeting more environmentally conscious customers.

Beyond Meat’s inventory (NASDAQ: BYND) rose 0. 4% after announcing that it had signed an agreement to open a production plant near Shanghai, as the manufacturer of herb-based meat products looks for more in the fast-growing Chinese market.

AstraZeneca (NYSE: AZN) ADR rose 2% after British Health Secretary Matt Hancock said the company’s Covid-19 vaccine would “most likely” be available in the early months of 2021.

Peloton’s stock (NASDAQ: PTON) rose 0. 5% after announcing the arrival of new products, the Peloton Bike and the new Tread Peloton, while lowering the value of its fundamental training motorcycle by 24%.

Wells Fargo stock (NYSE: WFC) fell 1. 5 after Berkshire Hathaway (NYSE: BRKa) reduced its stake in the bank to 3. 3%, according to a record securities and exchange commissions.

 

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