Key Points To Watch Out For:

• Tesla shares fall 5% following Trump’s criticism of Musk.
• Robinhood rises 3% on new cryptocurrency services.
• Wolfspeed rocketed after filing for bankruptcy to restructure.

Tesla (TSLA): Down 5% After Trump’s Warning About Subsidies

Tesla fell almost 5% in premarket trading. Trump advised reviewing public funds received by Musk, subsequent to further criticism of the “big, beautiful bill.”

Renault (RNO): Down 2% on a $11 Billion Accounting Loss

Renault fell as much as 2% in Paris. The automaker will post a $11 billion bookkeeping loss for its stake in Nissan.

Robinhood (HOOD): Up 3% on New Crypto Services

Robinhood gained 3% before the open. It debuted cryptocurrency services to redefine itself as a digital asset hub. On Monday, it rose 13%.

Meta Platforms (META): Creates AI Superintelligence Division

Meta announced a new “Superintelligence” division. Zuckerberg seeks to fast-track the development of advanced artificial intelligence for his platforms.

Wolfspeed (WOLF): Rises After Filing for Bankruptcy to Restructure

Wolfspeed spiked in premarket trading. The company initiated bankruptcy to restructure its debt. Its shares had fallen 98% in 2024.

Overview

The day started with declines in automotive and clean energy, while technology and financial services gained thanks to innovations and strategic restructuring.