Tesla — The electric vehicle company surged more than 7% to a new record high. Tesla’s market capitalization jumped above $800 billion for the first time on Friday, making the company more valuable than Facebook, and the fifth-most valuable component of the S&P 500. Evercore ISI also upgraded Tesla to inline from underperform.
Micron — Shares of the semiconductor company gained more than 1% after Micron beat expectations for its fiscal fist quarter. The company reported adjusted earnings per share of 78 cents and revenue of $5.77 billion. Analysts surveyed by Refinitiv were expecting 71 cents per share and $5.73 billion in revenue. Micron’s revenue and gross margin increased year over year.