Shares of Tesla Inc. TSLA, +8.65% advanced 8.65% to $1,539.60 Monday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index COMP, +1.67% rising 1.67% to 10,536.27 and the Dow Jones Industrial Average DJIA, +0.43% rising 0.43% to 26,584.77. The stock’s rise snapped a two-day losing streak. Tesla Inc. closed $255.39 short of its 52-week high ($1,794.99), which the company achieved on July 13th.
The stock outperformed some of its competitors Monday, as Ford Motor Co. F, +0.72% rose 0.73% to $6.93, General Motors Co. GM, -2.09% fell 2.10% to $25.70, and NIO Inc. ADR NIO, -1.10% fell 1.10% to $11.69. Trading volume (15.7 M) eclipsed its 50-day average volume of 13.5 M.