Check out the companies making headlines in premarket trading. Automakers — Legacy carmakers extended declines as investors worried about the lack of resolution on President Donald Trump’s controversial tariff policy announced last week. Stellantis plunged more than 9%, while Ford slid nearly 3%. General Motors pulled back 5% after Bernstein downgraded the stock to underperform from market perform. Tesla — Stock in the electric vehicle company sank nearly 7% amid the broader market wreckage. The Elon Musk-helmed EV firm has pulled back more than 40% in 2025 and nearly 8% in April, on a combination of supply chain headwinds due to Trump’s tariffs , as well as blowback from Musk’s political activities. Elsewhere, notorious Tesla bull Dan Ives cut his price target on the stock over ” self created brand issues .” Big Tech – Shares of U.S. megacap tech companies continued to decline on worries sparked by the Trump administration’s tariffs. Shares of Apple , which manufactures its devices in China, shed 4% in premarket trading. Nvidia , which makes new chips in Taiwan and assembles its artificial intelligence systems in Mexico and in other countries, lost 6%. Alphabet , Microsoft and Amazon each traded lower by more than 2%. Meta was off nearly 4%. Bitcoin stocks — Stocks tied to bitcoin struggled as the cryptocurrency fell below $77,000 . Trading platform Coinbase slid around 9%, while bitcoin proxy MicroStrategy tumbled more than 10%. MARA Holdings and Riot Platforms were among the miners falling, with the stocks dropping more than 11% and 9%, respectively. Major banks — Bank stocks were falling again on Monday as investors worried about a potential economic recession. Shares of JPMorgan Chase dropped nearly 4% as CEO Jamie Dimon warned in his annual letter that the new tariffs would boost inflation and hurt the U.S. economy. Shares of Citigroup and Morgan Stanley each lost more than 4%. Goldman Sachs lost 5% in the wake of a Wall Street downgrade . Palantir — Shares of the defense tech stock and retail investor favorite plunged more than 9%, extending last week’s losses during the market selloff. Shares dropped more than 13% last week after tariffs quashed animal spirits in the market. The stock is down more than 2% on the year. Chinese ADRs — U.S.-listed shares of Chinese companies posted declines as investors remained fearful of how the new tariffs would hurt businesses. Alibaba , JD.com and Bilibili all dove more than 8%. PDD lost more than 6%, while Weibo retreated more than 4%. International ETFs — Several funds tracking international stocks took a hit after Commerce Secretary Howard Lutnick said levies would stay in place despite backlash. The iShares MSCI Taiwan ETF (EWT) , for example, dropped more than 6%, while the iShares MSCI China ETF (MCHI) slid more than 5%. The iShares MSCI Mexico ETF (EWW) and the iShares MSCI Canada ETF (EWC) each shed around 2%. Dollar Tree — The value-focused retailer was able to buck the down market, with shares nearly 1% higher. Citi upgraded shares to buy from neutral, calling Dollar Tree a “dark horse winner” in a global trade war. Machinery stocks – Shares of key U.S.-based machinery companies fell amid tariff worries, with Caterpillar , United Rentals and Cummins each sliding more than 4% and Paccar shedding nearly 3%. UBS downgraded all of those names to sell on Monday, saying that an ensuing trade war could result in machinery demand destruction as a result of higher prices. — CNBC’s Sean Conlon, Brian Evans, Jesse Pound and Pia Singh contributed reporting Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today’s dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles, and Dan Ives, with a special edition of Pro Talks with Tom Lee. You’ll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!