Stocks making the biggest moves midday: Tesla, Verizon, Paramount, Coinbase and more

Check out the companies making headlines in midday trading. Tesla , Li Auto — Tesla shares declined nearly 4%, hitting a 52-week low, following announcements of price cuts. The electric vehicle maker lowered prices for its Model 3 in China, on top of decreases in other markets, Reuters reported . Chinese manufacturer Li Auto also lowered price tags on many models, sending shares down 6%.

's David Faber reported Monday that Paramount's special committee has not yet heard from Sony about a potential offer. Informatica — The enterprise data management company tumbled nearly 9% after acquisition talks with Salesforce broke down. Salesforce shares inched higher by less than 1%. Riot Platforms — The bitcoin miner rallied 14% following the " halving" event , in which bitcoin mining rewards were cut in half.

's Jesse Pound, Samantha Subin, Michelle Fox and Alexander Harring contributed reporting.

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