Stocks making the biggest moves premarket: Tesla, Paramount, Domino's, Southwest Airlines and more

Check out the companies making headlines in premarket trading: Tesla — Shares rocketed more than 10% during premarket trading after the electric vehicle company said on Sunday that local Chinese authorities removed restrictions on its cars , raising expectations that Tesla's driver-assistance software Full Self-Driving would soon be available in the country.

Analyst Sheila Kahyaoglu said it is time to throw the "Baby out with the bathwater" after the company missed its lowered guidance for first-quarter revenue per available seat mile, or RASM. Apple — Shares rose more than 2% after Bernstein upgraded the tech stock to outperform from market perform. Analyst Toni Sacconaghi said concern about recent weakness in China may be overdone and signals it is time for investors to "buy the fear.

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