Check out the companies making headlines in pre-market trading: Tesla – Shares soared more than 10% in pre-market trading after the electric vehicle company said Sunday that local Chinese authorities had lifted restrictions on its vehicles, boosting expectations that Tesla’s driver assistance software Full Self- Driving will soon be available in the country. Paramount — Shares of the entertainment company rose more than 5% in premarket trading following reports that its board of directors is preparing to fire CEO Bob Bakish as soon as Monday morning. Paramount reports earnings Monday after the bell. Domino’s Pizza — Shares of the pizza chain jumped more than 5% after rising first-quarter profit. Domino’s reported earnings per share of $3.58, versus $3.39 expected by analysts polled by LSEG. Same-store sales growth in the United States has increased year over year. Southwest Airlines — Shares of the airline fell 1.2% after Jeffries downgraded the stock from underperform. Analyst Sheila Kahyaoglu said it was time to throw out “Baby with the Bathwater” after the company missed its lower revenue per available seat mile (RASM) guidance in the first quarter. Apple — Shares rose more than 2% after Bernstein upgraded technology stocks to outperform the market. Analyst Toni Sacconaghi said concerns about China’s recent weakness may be overblown and signals it’s time for investors to “buy fear.” Lululemon — Shares of the sportswear retailer fell 1.6% after Barclays downgraded the stock to equal weight from overweight. The firm cited changing consumer spending trends and increased competition for the challenge. SoFi – Shares rose more than 2% after the consumer fintech company reported first-quarter earnings of 2 cents per share on revenue of $581 million, beating analysts’ estimates of 1 cent per share on revenue of $556 million. LSEG. AMC Entertainment – Shares fell more than 1% after the movie theater giant pre-announced a first-quarter loss of 62 cents per share, compared with FactSet estimates of 79 cents per share. The company also said it expects box office earnings in the second quarter to remain under pressure from last year’s strikes. — CNBC’s Sarah Min, Yoon Lee, Michelle Fox, Pia Singh and Jessie Pound contributed reporting.
