Tesla Inc. stock falls Tuesday, underperforms market

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© Terrence Horan

COMPANY CLOSE UPDATES

Shares of Tesla Inc. slid 0.12% to $780.59 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 1.25% to 14,433.83 and the Dow Jones Industrial Average rising 0.92% to 34,314.67. Tesla Inc. closed $119.81 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 Tuesday, as Toyota Motor Corp. ADR rose 0.19% to $172.14, General Motors Co. rose 0.67% to $54.34, and Honda Motor Co. Ltd. ADR rose 0.63% to $30.56. Trading volume (18.2 M) remained 382,633 below its 50-day average volume of 18.6 M.

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