Tesla Inc. stock rises Wednesday, still underperforms market

Tesla Inc. stock rises Wednesday, still underperforms market

Shares of Tesla Inc. TSLA, +1.65% advanced 1.65% to $417.13 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index COMP, +2.01% rising 2.01% to 11,786.43 and the Dow Jones Industrial Average DJIA, -0.07% falling 0.08% to 29,397.63. The stock’s rise snapped a three-day losing streak. Tesla Inc. closed $85.36 short of its 52-week high ($502.49), which the company reached on September 1st.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Toyota Motor Corp. ADR TM, +1.81% rose 1.82% to $142.48, General Motors Co. GM, -1.26% fell 1.27% to $40.56, and Honda Motor Co. Ltd. ADR HMC, +1.06% rose 1.07% to $28.36. Trading volume (17.2 M) remained 36.7 million below its 50-day average volume of 53.8 M.

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