Ubiquitous electric car giant Tesla (NASDAQ:TSLA) was back in focus as the truncated July 4th week began with the shares accelerating over 2% in pre-market on the back of more excitement surrounding the first mass market vehicle, which will be rolled out on Friday.
Entrepreneur Elon Musk, the founder of the California based tech giant, said on Twitter, of course , that production would begin ahead of schedule after receiving regulatory approval.
Shares added 2.25% to $369.75.
#tesla model 3 waiting for news from @elonmusk be like... pic.twitter.com/3tGphdCddT
— Teslanomics (@teslanomicsco) 2 July 2017
In terms of the markets, futures point to a higher start. The Dow Jones is racing ahead 75 up, the S&P 500 is seven points ahead , while the Nasdaq is down four. Investors are eyeing a clutch of data, including manufacturing and car sales on Monday.
Another stock in the lights today is Chart Industries Inc (NASDAQ: GTLS), which may well see shares rise again after the stock, rose over 3% on Friday after it agreed to acquire Hudson Products Corporation for $410mln in cash.
Chart Industries shares closed at $34.73 on Friday and are up 0.35% in pre-market.
Elsewhere, in earnings, Wall Street expects International Speedway Corp (NASDAQ: ISCA) to report quarterly earnings at $0.32 per share on revenue of $166.79mln ahead of the opening bell. Shares on Friday added over 1.2% .
Big macro news today is that Iran has inked a massive $4.8bn deal with a consortium led by huge French global oiler Total to develop its giant South Pars gas field, the largest natural gas field in the world.
The deal is the Islamic republic's first with a European oil company in more than a decade, marking a major milestone for the country.