Tiger Brokers

Tesla Inc. Stock Sheds 3.9%, Underperforms Peers

Dow Jones
Sep 29

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Tesla Inc. slid 3.9% to $357.45 on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index falling 0.9% to 26,820.38 and Dow Jones Industrial Average falling 0.7% to 51,481.51.

This was the stock's third consecutive day of losses.

Tesla Inc. closed 28.3% short of its 52-week high of $498.83, which the company reached on December 22nd.

The stock underperformed when compared to some of its peers, as General Motors Co. fell 2.4% to $80.64, Ford Motor Co. fell 2.6% to $12.38, and NIO Inc. ADR rose 0.28% to $3.59.

Trading volume totaled 38.2 million, compared to the 50-day average of 38.6 million.

Data source: Dow Jones Market Data, FactSet

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