Tesla stock was on fire in early action, soaring 9% in premarket trade and helping to lift the Nasdaq 100. The stock did drop 8% over the last five days, though it's up 47% over the last month.

Traders and investors watched Wall Street's major averages finish Monday on a mixed note where the tech-heavy Nasdaq and benchmark S&P 500 posted gains, all while the blue-chip Dow slipped. The latest market moves came off the back of last week's decline,