GameStop Corp. shares fell more than 3% in extended trading Tuesday after the videogame retailer’s first-quarter revenue missed Wall Street’s expectations, despite the company posting its fourth consecutive quarterly profit.

GameStop (GME) shares fell in extended trading Tuesday as the retailer's quarterly revenue declined. The video game retailer's revenue dropped 17% year-over-year to $732.4 million. The company swung to an adjusted profit of $83.

GameStop has seen its business decline recently, and some analysts have pulled their coverage on the company. Its shares trade as a meme stock, fueled by social media buzz rather

Baird downgraded shares of Tesla from "Buy" to "Neutral," saying the Musk-Trump spat has led to more uncertainty and the potential for brand damage.

Tesla earned a new analyst downgrade in the wake of last week’s stunning showdown between the formerly close allies in Tesla CEO Elon Musk and President Donald Trump, as the stock continues to face pressure from Musk’s activities outside of his executive duties.

KEY TAKEAWAYS Tesla shares are rising in premarket trading Tuesday after gaining more than 8% over the past two sessions in the wake of last week's public spat between CEO Elon Musk and President Trump.