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Shares of Tesla Inc. (TSLA) shed 6.80% to $709.81 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the NASDAQ Composite Index falling 4.73% to 11,418.15 and Dow Jones Industrial Average falling 3.57% to 31,490.07. Tesla Inc. closed $533.68 short of its 52-week high ($1,243.49), which the company achieved on November 4th.
The stock underperformed when compared to some of its competitors Wednesday, as Toyota Motor Corp. ADR (7203.TO) fell 2.81% to $155.48, General Motors Co. (GM) fell 5.96% to $35.83, and Honda Motor Co. Ltd. ADR (7267.TO) fell 2.62% to $24.54. Trading volume (28.9 M) eclipsed its 50-day average volume of 26.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 18, 2022.
(END) Dow Jones Newswires
May 18, 2022 16:33 ET (20:33 GMT)
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