Shares of Tesla Inc. TSLA, +2.80% rallied 2.80% to $1,887.09 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index COMP, +0.72% rising 0.73% to 11,210.84 and the Dow Jones Industrial Average DJIA, -0.24% falling 0.24% to 27,778.07. This was the stock’s fifth consecutive day of gains. Tesla Inc. hit a new 52-week high, surpassing its previous peak of $1,845.86, which the company achieved on August 17th.
The stock outperformed some of its competitors Tuesday, as Ford Motor Co. F, -1.28% fell 1.29% to $6.89, General Motors Co. GM, -0.56% fell 0.57% to $29.84, and NIO Inc. ADR NIO, +1.77% rose 1.78% to $14.30. Trading volume (16.3 M) eclipsed its 50-day average volume of 13.9 M.