Tesla Inc. shares rise on Wednesday, still underperforming the market

Tesla Inc. TSLA shares,
+ 0.70%
advanced 0.70% higher to $ 850.45 on Wednesday, in what proved to be a big trading session for the stock market, with the NASDAQ Composite Index COMP,
+ 1.97%
rising 1.97% to 13,457.25 and the Dow Jones Industrial Average DJIA,
+ 0.83%
rising 0.83% to 31,188.38. This was the second consecutive day of earnings for the stock. Tesla Inc. closed $ 34.04 below its 52-week high ($ 884.49), which the company reached on January 8.

The stock underperformed when compared to some of its competitors on Wednesday, such as Toyota Motor Corp. ADR TM,
+ 1.25%
rose 1.25% to $ 149.98, General Motors Co. GM,
+ 1.86%
rose 1.86% to $ 55.86, and Honda Motor Co. Ltd. ADR HMC,
+ 1.71%
rose 1.71% to $ 27.95. Turnover (24.9 M) remained 21.9 million below its average 50-day volume of 46.8 M.

Editor’s note: this story was automatically generated by Automated Insights using data from Dow Jones and FactSet. See our market data terms of use.

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