Stock Market News – Tesla Inc. stock underperforms Wednesday when compared to competitors
Shares of Tesla Inc.
slipped 2.99% to $670.97 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average
rising 0.05% to 33,446.26 and the NASDAQ Composite Index
falling 0.07% to 13,688.84. The stock’s fall snapped a two-day winning streak. Tesla Inc. closed $229.43 below its 52-week high ($900.40), which the company reached on January 25th.
The stock underperformed when compared to some of its competitors Wednesday, as Toyota Motor Corp. ADR
rose 0.68% to $154.70, General Motors Co.
fell 1.79% to $60.83, and Honda Motor Co. Ltd. ADR
rose 1.05% to $29.92. Trading volume (26.0 M) remained 7.6 million below its 50-day average volume of 33.7 M.