Shares of Tesla Inc. TSLA, +8.49% rallied 8.49% to $1,208.59 Monday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index COMP, +0.63% rising 0.63% to 15,595.92 and the Dow Jones Industrial Average DJIA, +0.26% rising 0.26% to 35,913.84. This was the stock’s fourth consecutive day of gains. Tesla Inc. hit a new 52-week high, surpassing its previous peak of $1,115.21, which the company reached on October 29th.
The stock outperformed some of its competitors Monday, as Toyota Motor Corp. ADR TM, +1.93% rose 1.93% to $179.98, General Motors Co. GM, +1.95% rose 1.95% to $55.49, and Honda Motor Co. Ltd. ADR HMC, +2.81% rose 2.81% to $30.41. Trading volume (54.7 M) eclipsed its 50-day average volume of 20.6 M.