Stocks making the biggest moves midday: Tesla, FedEx, Slack, Lyft, Taubman Centers & more

— Shares of the Burger King parent company rose as much as 3.6% on the back of better-than-expected quarterly results. Restaurant Brands reported a profit of 75 cents per share on revenue of $1.479 billion. Analysts polled by Refinitiv expected earnings of 73 cents per share on sales of $1.463 billion. The results were driven by a 34.4% surge in Popeye's same-store sales.

— Shares of the ride-hailing company jumped 6% following an upgrade to buy from neutral from Northcoast. The firm said it has "more confidence that competitive dynamics and unit economics of the "ride business" are sound."

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