Check out the companies making headlines in premarket trading. Tesla — Shares of the electric vehicle firm gained 3%, extending an after-hours pop from Friday after CEO Elon Musk said the company will unveil its long awaited robotaxi design on Aug. 8. Ulta — The cosmetic stock ticked up 1.3% on the heels of an upgrade to buy from Loop Capital , with analyst Anthony Chukumba positing that shares could be due for a rebound after their worst fall since 2020 last week.
On Sunday, the Federal Aviation Administration said a 737-800 operated by Southwest Airlines had to return to Denver Airport after an engine cowling fell off the aircraft mid-flight and hit a wing flap. Taiwan Semiconductor Manufacturing — Shares of the chipmaker climbed 2% after the company's Arizona subsidiary received an offer from the Biden administration for $6.6 billion in funding as part of the CHIPS and Science Act.
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