Stocks making the biggest moves premarket: EBay, Tesla, Taiwan Semiconductor, Alaska Air and more

Check out the companies making headlines before the bell. Taiwan Semiconductor Manufacturing — U.S.-traded shares of the Taiwan ese chipmaker fell 2.4% despite beating revenue and profit expectations in the first quarter. The company reported no structural damage from the earthquake in Taiwan earlier in April, but noted some wafers "had to be scrapped." Most of the lost production will be recovered in the second quarter, according to management.

forecasts healthy growth in 2024 and guided second-quarter revenue to a range between $19.6 billion and $20.4 billion. Tesla — Shares of the electric vehicle maker were down more than 2% after a Deutsche Bank downgrade to hold from buy. "The delay of Model 2 efforts creates the risk of no new vehicle in Tesla's consumer lineup for the foreseeable future, which would put continued downward pressure on its volume and pricing for many more years," the bank said. D.R.

Source: News Formal (newsformal.com)

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