Published on 3 Dec 2021 on Market Watch
Tesla Inc. stock falls Thursday, underperforms market
Shares of Tesla Inc. slipped 0.95% to $1,084.60 Thursday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 0.83% to 15,381.32 and the Dow Jones Industrial Average rising 1.82% to 34,639.79. This was the stock's second consecutive day of losses. Tesla Inc. closed $158.89 short of its 52-week high ($1,243.49), which the company reached on November 4th.
The stock underperformed when compared to some of its competitors Thursday, as Toyota Motor Corp. ADR rose 2.73% to $183.16, General Motors Co. rose 5.10% to $61.02, and Honda Motor Co. Ltd. ADR rose 2.45% to $28.41. Trading volume (24.2 M) remained 2.3 million below its 50-day average volume of 26.5 M.