Shares of Tesla Inc. TSLA, -9.02% slipped 9.02% to $407.00 Thursday, on what proved to be an all-around rough trading session for the stock market, with the NASDAQ Composite Index COMP, -4.96% falling 4.96% to 11,458.10 and Dow Jones Industrial Average DJIA, -2.77% falling 2.78% to 28,292.73. This was the stock’s third consecutive day of losses. Tesla Inc. closed $95.49 short of its 52-week high ($502.49), which the company reached on September 1st.
The stock underperformed when compared to some of its competitors Thursday, as Ford Motor Co. F, -1.87% fell 1.87% to $6.82, General Motors Co. GM, -4.78% fell 4.78% to $29.48, and NIO Inc. ADR NIO, -6.03% fell 6.03% to $18.70. Trading volume (83.9 M) eclipsed its 50-day average volume of 77.2 M.