Tesla Inc. stock outperforms market on strong trading day

Tesla Inc. stock outperforms market on strong trading day

Shares of Tesla Inc. TSLA, +1.31% advanced 1.31% to $863.42 Monday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index COMP, +0.95% rising 0.95% to 13,987.64 and the Dow Jones Industrial Average DJIA, +0.76% rising 0.76% to 31,385.76. This was the stock’s second consecutive day of gains. Tesla Inc. closed $36.98 short of its 52-week high ($900.40), which the company reached on January 25th.

The stock underperformed when compared to some of its competitors Monday, as Toyota Motor Corp. ADR TM, +1.37% rose 1.37% to $152.93, General Motors Co. GM, +4.54% rose 4.54% to $56.88, and Honda Motor Co. Ltd. ADR HMC, +2.02% rose 2.02% to $28.76. Trading volume (20.0 M) remained 23.1 million below its 50-day average volume of 43.1 M.

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