Tesla Inc. stock falls Wednesday, underperforms market

Shares of Tesla Inc. TSLA,
slipped 2.36% to $740.37 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index COMP,
falling 0.72% to 11,994.46 and Dow Jones Industrial Average DJIA,
falling 0.54% to 32,813.23. This was the stock’s second consecutive day of losses. Tesla Inc. closed $503.12 below its 52-week high ($1,243.49), which the company reached on November 4th.

The stock underperformed when compared to some of its competitors Wednesday, as Toyota Motor Corp. ADR TM,
rose 1.40% to $168.70, General Motors Co. GM,
fell 1.06% to $38.27, and Honda Motor Co. Ltd. ADR HMC,
rose 2.17% to $25.44. Trading volume (25.2 M) remained 2.8 million below its 50-day average volume of 28.0 M.

Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

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