Stocks making the biggest moves in the premarket: Facebook, Tesla, Kansas City Southern, Costco & more

Stocks making the biggest moves in the premarket: Facebook, Tesla, Kansas City Southern, Costco & more

Take a look at some of the biggest movers in the premarket:Facebook (FB) - Facebook announced it would not accept new political ads in the week before Election Day, and will remove posts that claim people will get Covid-19 if they take part in voting. Facebook will also add informational labels to any posts that seek to delegitimize election results.Tesla (TSLA) - The automaker's largest shareholder, investment management firm Baillie Gifford, has cut its stake in Tesla to less than 5% from 6.32%. Baillie Gifford said it took the action due to portfolio restrictions after the rapid runup in Tesla shares increased its overall percentage of the firm's holdings.Kansas City Southern (KSU) - Private-equity firms Blackstone (BX) and Global Infrastructure Partners have made a takeover offer for the rail operator,