Tesla Inc. shares fall on Friday, underperforming the market

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Shares of Tesla Inc. TSLA,
-3,81%
lost 3.81% to $ 1,430.76 on Friday, on what turned out to be an all-round favorable trading session for the stock market, with the NASDAQ Composite Index COMP,
+ 1,48%
up 1.49% to 10,745.27 and the Dow Jones Industrial Average DJIA index,
+ 0,43%
up 0.44% to 26,428.32. It was the second consecutive day of losses for the action. Tesla Inc. closed $ 364.23 below its 52-week high ($ 1,794.99), which the company hit on July 13.

The stock underperformed some of its rivals on Friday, such as Ford Motor Co. F,
-1,92%
fell 1.93% to $ 6.61, General Motors Co. GM,
-1,23%
fell 1.23% to $ 24.89, and NIO Inc. ADR NIO,
-2,13%
fell 2.13% to $ 11.94. The transaction volume (12.1 M) remained 1.5 million below its 50-day average volume of 13.7 Mio.
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Editor’s Note: This story was automatically generated by Automated Insights using data from Dow Jones and FactSet. See our terms of use for market data.

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