Tesla stock rose 1.7% in overnight trading as investors weighed new import duties on material for electric-vehicle batteries from China and a legal settlement regarding its self-driving technology.

Shares of the car company led by CEO Elon Musk rose 3.2% to $329.65 on Friday. One thing that helped was a recent legal settlement over a 2019 accident where a Tesla Model 3 with the company's driver assistance features engaged allegedly failed to avoid a collision in Florida. Tesla's driver assistance systems require drivers to stay engaged 100% of the time.

Tesla stock also shrugged off a small trade headwind related to EV battery materials. The Commerce Department on Thursday ruled that China is illegally dumping graphite materials into the U.S. An anti-dumping duty, which is similar to a tariff, of 93.5% was placed on certain graphite imports.

Chip stocks gained slightly in overnight trading. SMCI up 1%; SOXL, Marvell, AMD, Intel up within 1%.

Drone makers shined in overnight trading. Ondas Holdings, Red Cat up around 4%; Kratos, AeroVironment up over 2%.

The US Commerce Department previously launched investigations into imports of drones, parts for unmanned aerial vehicles and for polysilicon, a key material for solar power, setting the stage for possible tariffs on those goods.

Nuclear stocks jumped with Centrus, NuScale up over 3%; Energy Fuels up 2%.