Tesla Inc. stock outperforms competitors despite losses on the day

Tesla Inc. stock outperforms competitors despite losses on the day

Shares of Tesla Inc. TSLA, -0.03% slid 0.03% to $775.22 Friday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index COMP, +0.82% rising 0.82% to 14,566.70 and the Dow Jones Industrial Average DJIA, +1.43% rising 1.43% to 34,326.46. This was the stock’s second consecutive day of losses. Tesla Inc. closed $125.18 below its 52-week high ($900.40), which the company reached on January 25th.

The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Toyota Motor Corp. ADR TM, -0.07% fell 0.07% to $177.62, General Motors Co. GM, +0.80% rose 0.80% to $53.13, and Honda Motor Co. Ltd. ADR HMC, +0.03% rose 0.03% to $30.68. Trading volume (16.6 M) remained 1.8 million below its 50-day average volume of 18.4 M.

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