Shares of Tesla Inc. TSLA slid 4.15% to $423.43 Thursday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index COMP falling 1.27% to 10,910.28 and Dow Jones Industrial Average DJIA falling 0.47% to 27,901.98. This was the stock’s second consecutive day of losses. Tesla Inc. closed $79.06 below its 52-week high ($502.49), which the company achieved on September 1st.
The stock underperformed when compared to some of its competitors Thursday, as Ford Motor Co. F rose 3.70% to $7.28, General Motors Co. GM rose 0.41% to $31.92, and NIO Inc. ADR NIO rose 1.53% to $19.30. Trading volume (75.8 M) remained 3.9 million below its 50-day average volume of 79.7 M.