Check out the companies that make headlines before the bell. TESLA – Electric car makers have flowed 6% after President Donald Trump suggested that US government efficiency would look into subsidies from Tesla CEO Elon Musk for potential cost-cutting measures. Trump’s comments come after Musk once again criticized the president’s tax and spending bill. Aerovironment – The stock slipped over 7% after the defense contractor announced it had proposed to offer $600 million in 2030 with $750 million in common stock and convertible senior notes. The bank said new sets from new sets: The Gathering will help boost sales of Hasbro. Hyatt Hotel – Shares rose 2% after Raymond James upgraded the hotel chain from market performance to strong purchases. As a catalyst for the upgrade, the bank pointed to Hyatt’s announcement on Monday, entering a deal to sell the entire property owned by Playa, removing the “critical overhang.” Textron – Industrial makers fell 2% after Goldman Sachs downgraded their name from purchase to Neutral. Textron’s loss of market share in its business jet segment was quoted with the limited growth of others. SweetGreen – After TD Cowen downgraded SweetGreen and held it from the purchase, the stock slides 3%. The company said it likes the long-term outlook for sweet greens, but said there is risk to salad chains this year, followed by increased competition in urban areas. Joby Aviation – Commercial stocks rose 1% on Tuesday. This follows a rallies of more than 11% on Monday, following the company delivered its first flight taxi to the UAE ahead of its planned 2026 service launch. Progress Software – Business Application Software Maker slipped almost 4% after reporting mixed results for the second quarter. According to Factset, revenues were $237.4 million, shy of the consensus estimate of $237.5 million. Adjusted revenue was $1.40 per share, exceeding the $1.30 expected by analysts. Circle Internet Group – Stablecoin issuer added nearly 2% after submitting a bank charter application to the office of the Secretary of Currency. If the bank’s charter is granted, Circle will establish the first National Digital Currency Bank and provide blockchain-related custody services. – CNBC’s Michelle Fox, Alex Hurling and Sarah Minh contributed the report.
