Tesla, Inc. (TSLA) shares surged in pre-market trading despite reporting weaker-than-expected earnings and sales results for its first quarter. The electric vehicle giant posted earnings per share of $1.19, below the $1.26 consensus estimate, and revenue of $21.45 billion, below the $21.96 billion consensus estimate. However, Tesla announced plans to speed up the launch of new models, including the Cybertruck and the Semi, which helped boost investor sentiment.
Chicken Soup for the Soul Entertainment, Inc. (CSSE) shares also gained in pre-market trading, rising 49.4% to $0.2276. The company reported better-than-expected first-quarter financial results, with revenue increasing by 20% year-over-year. Zapata Computing Holdings Inc. (ZPTA) shares gained 30.8% to $2.04 in pre-market trading following a 10% decline on Tuesday. WiMi Hologram Cloud Inc. (WIMI) shares rose 17.2% to $0.85 in pre-market trading after gaining around 5% on Tuesday.
InMed Pharmaceuticals Inc. (INM) shares climbed 14.3% to $0.3120 in pre-market trading. AudioEye, Inc. (AEYE) shares rose 11.8% to $15.07 in today’s pre-market trading after the company reported better-than-expected first-quarter financial results. ABVC BioPharma, Inc. (ABVC) shares gained 11.8% to $1.51 in pre-market trading after jumping 30% on Tuesday. Pineapple Energy Inc. (PEGY) shares gained 10.6% to $0.0626 in pre-market trading following a 24% gain on Tuesday.
Tungray Technologies Inc. (TRSG) shares rose 9.5% to $6.25 in pre-market trading after falling 22% on Tuesday. Tungray Technologies announced the closing of its initial public offering on Tuesday, raising approximately $15 million. Texas Instruments Incorporated (TXN) shares gained 7% to $177.05 in pre-market trading following upbeat first-quarter results.
On the downside, Evotec SE (EVO) shares fell 34.7% to $5.09 in pre-market trading after reporting fiscal year 2023 results. The company reported a net loss of €21.5 million for the year, wider than the consensus estimate of a €15.5 million loss. Bluejay Diagnostics Inc (BJDX) shares declined 20% to $0.50 in pre-market trading. Mawson Infrastructure Group Inc (MIGI) shares fell 15.8% to $1.27 in pre-market trading.
Complete Solaria Inc (CSLR) shares fell 14% to $0.37 in pre-market trading after gaining over 10% on Tuesday. Tiziana Life Sciences Ltd – ADR (TLSA) shares fell 12.3% to $0.68 in pre-market trading. Tiziana Life Sciences recently announced FDA allowance for additional patients to be enrolled in an intranasal foralumab multiple sclerosis expanded access program.
Ostin Technology Group Co Ltd (OST) shares declined 11.7% to $0.44 in pre-market trading after gaining 25% on Tuesday. Neo-Concept International Group Holdings Limited (NCI) shares fell 11.4% to $8.42 in pre-market trading after jumping over 137% on Tuesday. Nukkleus Inc (NUKK) shares fell 11.3% to $0.85 in pre-market trading after adding 7% on Tuesday. Equinox Gold Corp. (EQX) shares fell 9.8% to $5.16 pre-market trading. Enphase Energy, Inc. (ENPH) shares fell 7.3% to $105.18 pre-market trading after the company reported worse-than-expected first-quarter financial results and issued second-quarter revenue guidance below estimates.
