Check out the companies making headlines before the bell.

• Tesla — The electric vehicle maker gained nearly 1% after Goldman Sachs increased its stock price target by $73 to $248 per share on better than expected second quarter deliveries. Tesla has booked 10-straight days of gains. Though Goldman increased its price target, the investment bank remains neutral on Tesla, with the new price target implying about 5% downside from Tuesday’s close of $262.33.
• Taiwan Semiconductor Manufacturing — Shares of the company, which makes semiconductor chips for AI giants including Nvidia and Apple, added 2%. Taiwan Semiconductor reported revenue from April-June this year of T$673.51 billion, as compared to the T$654.27 billion expected by analysts polled by LSEG, according to Reuters.
• 3M Company — Shares declined 1.2% after 3M announced its finance chief Monish Patolawala is leaving the company “to pursue another opportunity.” The change is effective July 31.

Read the full list here.

— Sarah Min

Shares of European automaker Volkswagen ticked down Wednesday after the firm provided a warning on profits moving forward over slow electric vehicle demand. The company is also considering closing a plant in Brussels.

Volkswagen revised outlook now calls for operating return on sales in the range of 6.5% to 7%, down from a previous forecast of 7% to 7.5%.

European listed shares of Volkswagen ticked down roughly 1%.

— Brian Evans

Shares of LegalZoom.com fell more than 23% after the company cut its full-year revenue guidance.

It now sees revenue coming in a range of $675 million to $685 million. The company had issued guidance of $700 million to $720 million. LegalZoom.com also announced CEO Dan Wernikoff resigned from his post, effective immediately.

The electric vehicle maker posted a 3.7% gain on Tuesday, marking a 10th straight positive session for Tesla.

Since its last down day – June 24 – the stock has advanced roughly 43%. In the past month, the stock is up nearly 48%.

Even with the sharp run higher, shares are up a modest 5.6% in 2024, and they’re still off more than 4% in the past year.

This latest climb for Tesla was aided by the car manufacturer’s second-quarter production and deliveries report, posted just last week. Deliveries for the period came in at 443,956, compared to the 439,000 anticipated by analysts, per StreetAccount.

–Darla Mercado, Jason Gewirtz