Investing.com - Stocks in focus in premarket trade Thursday:
• Tesla (NASDAQ:TSLA) stock fell 10.3% by 8:15 AM ET (12:15 GMT) after vehicle deliveries in the first quarter fell by 31%, due to difficulties in Europe and China and a reduction in U.S. tax credits. The company was also coy about its cash position, saying it had 'sufficient' cash at the end of the quarter, without elaborating.
• LYFT (NASDAQ:LYFT) stock was down 0.4% after news that Carl Icahn sold his 2.7% stake in the company to George Soros before the ride-sharing company’s IPO.
• Constellation Brands (NYSE:STZ) stock rose 2.9% after the beer and wine maker said it was selling 30 wine brands to E&J Gallo Winery for $1.7 billion. The company also posted higher-than-expected earnings per share of $1.84 on revenue of $1.8 billion.
• Boeing (NYSE:BA) stock stock rose 1% after Ethiopia’s transport ministry did not explicitly mention the airline maker's new software in its released findings of the Ethopian Airlines crash involving a 737 MAX 8 model. The agency did however rule out pilot error.
• Facebook (NASDAQ:FB) stock gained 1.2% on news that Guggenheim upgraded it to buy from neutral, citing that businesses and consumers are increasing their use of the social media platform despite controversy at its abuses of privacy.
• Walt Disney Company (NYSE:DIS) stock was up 0.5% after its movie "Avengers: Endgame" set a record for one-day ticket sales at Fandango even though the movie isn’t released until the end of April.
• Target Corporation (NYSE:TGT) stock was flat after announcing it is raising its minimum wage to $13 an hour and plans to raise it to $15 an hour by the end of 2020.