Tesla Inc. Stock Falls Friday, Underperforms Market
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Shares of Tesla Inc. (TSLA) slid 6.42% to $663.90 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.03% to 31,261.90 and the NASDAQ Composite Index falling 0.30% to 11,354.62. This was the stock's third consecutive day of losses. Tesla Inc. closed $579.59 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 Friday, as Toyota Motor Corp. ADR (7203.TO) rose 1.78% to $158.66, General Motors Co. (GM) fell 1.99% to $35.40, and Honda Motor Co. Ltd. ADR (7267.TO) rose 0.04% to $25.02. Trading volume (47.9 M) eclipsed its 50-day average volume of 26.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 20, 2022.
(END) Dow Jones Newswires
May 20, 2022 16:33 ET (20:33 GMT)
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