Shares of Tesla Inc.
slipped 5.02% to $793.53 Friday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index
falling 2.00% to 13,070.69 and Dow Jones Industrial Average
falling 2.03% to 29,982.62. This was the stock’s third consecutive day of losses. Tesla Inc. closed $106.87 short of its 52-week high ($900.40), which the company reached on January 25th.
The stock underperformed when compared to some of its competitors Friday, as Toyota Motor Corp. ADR
fell 1.94% to $140.52, General Motors Co.
fell 0.71% to $50.68, and Honda Motor Co. Ltd. ADR
fell 1.74% to $26.48. Trading volume (34.4 M) remained 12.7 million below its 50-day average volume of 47.1 M.