Take a look at the companies making headlines in pre-market trading: Tesla — The electric car company said Sunday that local authorities in China have lifted restrictions on its cars, sparking concerns about Tesla’s driver-assistance software being “fully The company’s shares soared more than 10% in pre-market trading on expectations of “autonomous driving.” Driving services will soon be available in the country. PARAMOUNT — Paramount’s board of directors is preparing to fire CEO Bob Bakish as soon as Monday morning, sending the entertainment company’s shares up more than 5% in premarket trading following reports that the company’s board of directors is preparing to fire CEO Bob Bakish as soon as Monday morning. Paramount reports earnings after the market close on Monday. Domino’s Pizza — The pizza chain’s first-quarter profit beat estimates, sending its shares up more than 5%. Domino’s reported earnings of $3.58 per share, while analysts polled by LSEG expected $3.39. U.S. same-store sales increased compared with the same period last year. Southwest Airlines Co. — Shares of the airline fell 1.2% after Jefferies downgraded the stock to underperform from hold. Analyst Sheila Kahyaoglu said it was time to throw “the baby out with the bathwater” after the company failed to lower its revenue per available seat mile (RASM) forecast for the first quarter. Apple — Shares of Apple rose more than 2% after Bernstein upgraded the technology stock to outperform from broad. Analyst Toni Sacconaghi said concerns about recent weakness in China may be overblown and suggested it was time for investors to “buy fear.” Lululemon – Shares of the sportswear retailer fell 1.6% after Barclays downgraded its rating to equal weight from overweight. The company noted that consumer spending trends are changing and there’s more competition for phones. SoFi — The consumer fintech company reported first-quarter earnings of 2 cents per share on revenue of $581 million, beating analysts’ expectations of 1 cent per share on revenue of $556 million (according to LSEG data). up more than 2%. AMC Entertainment – The theater giant pre-announced a first-quarter loss of 62 cents per share, while FactSet expected a loss of 79 cents per share, sending the company’s stock down more than 1%. The company also said it expects second-quarter box office performance to remain under pressure from last year’s strike. —CNBC’s Sarah Min, Yun Li, Michelle Fox, Pia Singh and Jesse Pound contributed reporting.
