Tesla Inc. stock outperforms market on strong trading day

Tesla Inc. stock outperforms market on strong trading day

Shares of Tesla Inc. TSLA, +4.26% rose 4.26% to $1,621.00 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index COMP, +0.27% rising 0.27% to 11,042.50 and the Dow Jones Industrial Average DJIA, -0.28% falling 0.29% to 27,896.72. This was the stock’s second consecutive day of gains. Tesla Inc. closed $173.99 below its 52-week high ($1,794.99), which the company achieved on July 13th.

The stock outperformed some of its competitors Thursday, as Ford Motor Co. F, -1.12% fell 1.13% to $7.03, General Motors Co. GM, -1.71% fell 1.71% to $27.55, and NIO Inc. ADR NIO, remained unchanged. Trading volume (20.0 M) eclipsed its 50-day average volume of 13.5 M.

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