Shares of Tesla Inc.
shed 3.81% to $1,430.76 Friday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index
rising 1.49% to 10,745.27 and the Dow Jones Industrial Average
rising 0.44% to 26,428.32. This was the stock’s second consecutive day of losses. Tesla Inc. closed $364.23 below its 52-week high ($1,794.99), which the company achieved on July 13th.
The stock underperformed when compared to some of its competitors Friday, as Ford Motor Co.
fell 1.93% to $6.61, General Motors Co.
fell 1.23% to $24.89, and NIO Inc. ADR
fell 2.13% to $11.94. Trading volume (12.1 M) remained 1.5 million below its 50-day average volume of 13.7 M.
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