Stocks making the biggest moves premarket: Tesla, Coinbase, Stellantis, Palantir, Caterpillar and more

 

Stocks Making the Biggest Moves Premarket: Tesla, Coinbase, Stellantis, Palantir, Caterpillar and More
April 7, 2025

U.S. stock futures were mixed Monday morning as investors digested a slew of corporate headlines and awaited key economic data due later this week. Several major stocks were making notable moves in the premarket session, driven by earnings results, analyst upgrades, and broader market trends. Here's a look at some of the most active names:

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Tesla (TSLA) – Up 3.8%

Shares of Tesla surged in premarket trading after CEO Elon Musk announced over the weekend that the company would begin early deliveries of its much-anticipated Robotaxi product this summer. The company also teased major progress in its AI and autonomy capabilities, stoking renewed investor optimism despite a recent downturn in EV demand. Analysts at Wedbush upgraded Tesla to “Outperform,” citing a potential inflection point in the company’s growth trajectory.

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Coinbase (COIN) – Up 5.4%

Cryptocurrency exchange Coinbase rallied as Bitcoin crossed the $72,000 mark in overnight trading, nearing all-time highs. Investors are bullish on the platform’s Q1 earnings potential, bolstered by a resurgence in crypto trading volume and growing institutional interest. The upcoming Bitcoin halving event has also reignited interest in blockchain-related assets.

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Stellantis (STLA) – Down 2.1%

Stellantis shares slipped after the automaker warned of a slower-than-expected recovery in European EV demand. The company also announced a temporary suspension of production at its Italy-based EV plant due to component shortages. While full-year guidance remains intact, the news weighed on investor sentiment amid an already cautious auto market outlook.

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Palantir Technologies (PLTR) – Up 4.7%

Palantir jumped in premarket action following reports that the company secured a multi-year, multimillion-dollar contract with a major U.S. defense agency to expand its AI-powered intelligence analytics platform. The deal reinforces Palantir’s growing foothold in government and defense sectors, a key driver of its long-term growth narrative.

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Caterpillar (CAT) – Down 1.5%

Caterpillar edged lower despite posting better-than-expected Q1 revenue. Investors seemed focused on weaker guidance for the second quarter, citing softening demand in China and inflationary pressures in raw materials. Some analysts also flagged potential headwinds from recent industrial activity data that hinted at a cooling global infrastructure cycle.

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Other Notable Movers

• Nvidia (NVDA) rose 1.9% after a bullish research note from Goldman Sachs highlighted continued momentum in AI chip demand and new product launches.

• United Airlines (UAL) added 2.3% following stronger-than-expected March traffic numbers and an upgrade from JPMorgan.

• Rivian (RIVN) slipped 3.6% after cutting production targets for the year, citing persistent supply chain issues and EV market competition.

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Looking Ahead

Investors are closely watching for upcoming inflation data, including the Consumer Price Index (CPI) report due Wednesday, which could shape expectations around the Federal Reserve’s interest rate trajectory. Earnings season also kicks into gear this week, with major banks set to report Friday.

Stay tuned for continued updates as markets open and trading volume picks up.