Stocks making the biggest moves premarket: Taiwan Semiconductor, Tesla, Carvana and more

Check out the companies making headlines before the bell: Tesla — The electric vehicle maker gained nearly 1% after Goldman Sachs increased its stock price target by $73 to $248 per share on better than expected second quarter deliveries. Tesla has booked 10-straight days of gains. Though Goldman increased its price target, the investment bank remains neutral on Tesla, with the new price target implying about 5% downside from Tuesday's close of $262.33.

Carvana — The car e-commerce platform jumped 4.5% on the heels of a Needham upgrade to buy from hold. Needham said the stock can become a "profitable secular growth story," with rising retail unit sales and gross profit per unit. Walmart — Shares gained 0.3% after Jefferies said the stock remains a top pick , citing its progress in artificial intelligence. The analyst's $77 price target implies a rise of 10.2% over the next 12 months. LegalZoom.

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