Tesla stock outperforms competitors on strong trading day

Shares of Tesla Inc. TSLA, +2.55% rose 2.55% to $425.68 Monday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index COMP, +2.32% rising 2.32% to 11,332.49 and the Dow Jones Industrial Average DJIA, +1.68% rising 1.68% to 28,148.64. Tesla Inc. closed $76.81 short of its 52-week high ($502.49), which the company achieved on September 1st.

The stock outperformed some of its competitors Monday, as Ford Motor Co. F, +1.88% rose 1.89% to $7.02, General Motors Co. GM, +1.64% rose 1.64% to $30.96, and NIO Inc. ADR NIO, +1.93% rose 1.94% to $21.59. Trading volume (44.1 M) remained 32.3 million below its 50-day average volume of 76.4 M.