Tesla Inc. Stock Falls Monday, Underperforms Market
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Shares of Tesla Inc. (TSLA) slid 5.88% to $724.37 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.08% to 32,223.42 and the NASDAQ Composite Index falling 1.20% to 11,662.79. Tesla Inc. closed $519.12 below its 52-week high ($1,243.49), which the company achieved on November 4th.
The stock underperformed when compared to some of its competitors Monday, as Toyota Motor Corp. ADR (7203.TO) fell 1.31% to $159.21, General Motors Co. (GM) fell 2.90% to $37.10, and Honda Motor Co. Ltd. ADR (7267.TO) fell 3.86% to $24.64. Trading volume (28.5 M) eclipsed its 50-day average volume of 26.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 16, 2022.
(END) Dow Jones Newswires
May 16, 2022 16:33 ET (20:33 GMT)
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