Tesla rose on Thursday but underperformed performed market


Shares of Tesla Inc. TSLA, +0.14% inched 0.15% higher to $425.92 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index COMP, +0.49% rising 0.50% to 11,420.98 and the Dow Jones Industrial Average DJIA, +0.43% rising 0.43% to 28,425.51. This was the stock’s second consecutive day of gains.

Tesla Inc. closed $76.57 below its 52-week high ($502.49), which the company reached on September 1st.

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Ford Motor Co. F, +1.66% rose 1.66% to $7.35, General Motors Co. GM, +1.86% rose 1.87% to $32.21, and NIO Inc. ADR NIO, -0.55% fell 0.56% to $21.44. Trading volume (39.8 M) remained 33.2 million below its 50-day average volume of 73.1 M.