Shares of Tesla Inc.
slipped 8.61% to $242.40 Monday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index
rising 2.27% to 10,815.43 and the Dow Jones Industrial Average
rising 2.66% to 29,490.89. This was the stock’s third consecutive day of losses. Tesla Inc. closed $172.10 below its 52-week high ($414.50), which the company achieved on November 4th.
The stock underperformed when compared to some of its competitors Monday, as Toyota Motor Corp. ADR
rose 4.07% to $135.59, General Motors Co.
rose 2.43% to $32.87, and Honda Motor Co. Ltd. ADR
rose 3.66% to $22.38. Trading volume (96.8 M) eclipsed its 50-day average volume of 70.0 M.