Today's Pre-Market Stock Movers And Top Ratings: TSLA, NIO, CVX, AZN and More

$Tesla (TSLA.US)$ +7% (Tesla popped nearly 7% after the electric vehicle company posted second-quarter delivery and production numbers that topped Wall Street's expectations. Deliveries rose 83% year over year.)

$NIO Inc (NIO.US)$ +4.45% (Nio rose following Tesla posted strong-than-expected production and delivery numbers for the second quarter.)

$PDD Holdings (PDD.US)$ +3.23% (Pinduoduo and other Chinese companies gain after the news that Treasury Secretary Janet Yellen is planning to meet with senior Chinese officials in Beijing later this week.)

$Chevron (CVX.US)$ +0.65% (Chevron gains by a rise in oil prices after top exporters cut supply for August.)

$Apple (AAPL.US)$ -0.33% (Apple stock dipped 0.4% following a report that Apple plans to scale back Vision Pro headset production. )

$AstraZeneca (AZN.US)$ -6.67% (AstraZeneca announced preliminary results for a phase three trial of a lung cancer treatment. While the drug compared well to a competitor on one endpoint, the data for overall survival was“not mature”and pointed toward to the results being not statistically significant, AstraZeneca said in a press release. The trial will continue, according to the company.)

$LifeMD (LFMD.US)$ initiated at neutral by HC Wainwright & Co., announced target price at $32.00.

$Amazon (AMZN.US)$ initiated at buy by HC Wainwright & Co., announced targe price at $60.00.

$Lazard (LAZ.US)$ was upgraded by Wolfe Research from underperform to peer perform.

$ACM Research (ACMR.US)$ was upgraded by Jefferies from underperform to buy, increased target price from $9.00 to $23.40.