Tesla Inc. stock rises Wednesday, outperforms market

 Tesla Inc. stock rises Wednesday, outperforms market

Shares of Tesla Inc.
TSLA,
+3.25%

rose 3.25% to $1,089.01 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index
COMP,
-0.33%

falling 0.33% to 15,921.57 and Dow Jones Industrial Average
DJIA,
-0.58%

falling 0.58% to 35,931.05. This was the stock’s second consecutive day of gains. Tesla Inc. closed $154.48 below its 52-week high ($1,243.49), which the company achieved on November 4th.

The stock outperformed some of its competitors Wednesday, as Toyota Motor Corp. ADR
TM,
-0.65%

fell 0.65% to $186.21, General Motors Co.
GM,
+3.19%

rose 3.19% to $64.61, and Honda Motor Co. Ltd. ADR
HMC,
-1.60%

fell 1.60% to $28.37. Trading volume (31.0 M) eclipsed its 50-day average volume of 25.3 M.


Editor’s…

Read full article…www.marketwatch.com