Daily Trade News

Tesla Inc. stock falls Friday, underperforms market


Shares of Tesla Inc.
TSLA
slid 5.26% to $943.90 Friday, on what proved to be an all-around rough trading session for the stock market, with the NASDAQ Composite Index
COMP
falling 2.72% to 13,768.92 and Dow Jones Industrial Average
DJIA
falling 1.30% to 34,265.37. Tesla Inc. closed $299.59 below its 52-week high ($1,243.49), which the company reached on November 4th.

The stock underperformed when compared to some of its competitors Friday, as Toyota Motor Corp. ADR
TM
fell 0.84% to $199.77, General Motors Co.
GM
fell 2.51% to $53.28, and Honda Motor Co. Ltd. ADR
HMC
rose 1.05% to $29.78. Trading volume (34.0 M) eclipsed its 50-day average volume of 25.0 M.



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