Tiger Brokers

Tesla Inc. Stock Falls 3.8%, Underperforms Peers

Dow Jones
1 hour ago

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Tesla Inc. slid 3.8% to $348.95 on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.3% to 53,417.16 and the NASDAQ Composite Index falling 0.8% to 25,980.19.

Tesla Inc. closed 30.0% short of its 52-week high of $498.83, which the company achieved on December 22nd.

The stock demonstrated a mixed performance when compared to some of its peers, as General Motors Co. fell 1.1% to $86.98, Ford Motor Co. fell 3.3% to $13.93, and NIO Inc. ADR fell 5.83% to $4.36.

Trading volume totaled 38.9 million, compared to the 50-day average of 41.1 million.

Data source: Dow Jones Market Data, FactSet

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