Stocks making the biggest moves premarket: Tesla, UPS, Lam Research, IBM and more

Check out the companies making headlines before the bell. Tesla – Shares of the electric vehicle maker soared nearly 13% thanks to the company's better-than-expected profit for the third quarter. The company also expects to see vehicle growth of 20% to 30% next year, according to CEO Elon Musk. United Parcel Service – The parcel delivery stock rose more than 7% on the heels of the company's third-quarter earnings and revenue beat. For the period, UPS earned $1.76 per share on $22.

84 billion in revenue for the quarter, which was modestly under the $1.86 billion figure anticipated by Wall Street. Honeywell – The stock fell about 2% after the company missed revenue estimates for the third quarter. Honeywell posted $9.73 billion, below the consensus estimate of $9.91 billion, per FactSet. Earnings, however, came in better than expected.

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