Tesla Inc. stock outperforms competitors on strong trading day

Tesla Inc. stock outperforms competitors on strong trading day

Shares of Tesla Inc. TSLA, +7.18% rose 7.18% to $449.76 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index COMP, +1.20% rising 1.21% to 11,190.32 and the Dow Jones Industrial Average DJIA, +0.00% rising 0.01% to 27,995.60. This was the stock’s fifth consecutive day of gains. Tesla Inc. closed $52.73 below its 52-week high ($502.49), which the company achieved on September 1st.

The stock outperformed some of its competitors Tuesday, as Ford Motor Co. F, -1.12% fell 1.12% to $7.04, General Motors Co. GM, +1.28% rose 1.28% to $31.58, and NIO Inc. ADR NIO, +2.45% rose 2.46% to $19.19. Trading volume (95.6 M) eclipsed its 50-day average volume of 80.1 M.

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