Tesla Inc. stock outperforms market on strong trading day

Tesla Inc. stock outperforms market on strong trading day

Shares of Tesla Inc. TSLA, +6.42% advanced 6.43% to $555.38 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index COMP, +1.31% rising 1.31% to 12,036.79 and the Dow Jones Industrial Average DJIA, +1.53% rising 1.54% to 30,046.24. This was the stock’s second consecutive day of gains. Tesla Inc. hit a new 52-week high, surpassing its previous peak of $526.00, which the company reached on November 23rd.

The stock outperformed some of its competitors Tuesday, as Toyota Motor Corp. ADR TM, +0.40% rose 0.40% to $143.84, General Motors Co. GM, +3.77% rose 3.77% to $46.46, and Honda Motor Co. Ltd. ADR HMC, +2.13% rose 2.13% to $29.73. Trading volume (52.0 M) eclipsed its 50-day average volume of 44.9 M.

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