Tesla Inc. stock rises Wednesday, outperforms market – MarketWatch
Shares of Tesla Inc. TSLA, +10.19% surged 10.20% to $486.64 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index COMP, -0.82% falling 0.82% to 11,801.60 and Dow Jones Industrial Average DJIA, -1.15% falling 1.16% to 29,438.42. This was the stock’s second consecutive day of gains. Tesla Inc. closed $15.85 short of its 52-week high ($502.49), which the company reached on September 1st.
The stock outperformed some of its competitors Wednesday, as Toyota Motor Corp. ADR TM, -0.63% fell 0.64% to $141.83, General Motors Co. GM, +1.76% rose 1.76% to $42.72, and Honda Motor Co. Ltd. ADR HMC, -2.09% fell 2.09% to $28.58. Trading volume (77.1 M) eclipsed its 50-day average volume of 47.0 M.