Stocks moving in premarket trading Tuesday include Tesla, General Electric, Alibaba, Lucid Group and 3M.

Shares of Lucid Motors are set to make their debut in a reverse-merger with Churchill Capital that will value the electric vehicle start-up at more than $24 billion.

Wall Street readies for a big week of tech earnings and a Federal Reserve policy update; Tesla reports earnings after Monday's closing bell; Bitcoin rises on speculation Amazon will enter the crypto sector.

Churchill Capital says the new company will trade under the name Lucid Group.

"High energy prices are largely a result of underinvestment by many in the energy industry over the last several years and especially during the pandemic," Exxon said.

The legacy automaker has just made a decision that will affect consumers buying its electric vehicles via a lease.

A brief overnight inversion of the U.S. yield curve, as well as mounting signs of a near-term recession, have stocks on the back foot heading into the holiday-shortened week.