Tesla Inc. stock outperforms market on strong trading day

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Shares of Tesla Inc. TSLA rallied 4.32% to $694.78 Wednesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index COMP rising 0.15% to 12,870.00 and the Dow Jones Industrial Average DJIA rising 0.24% to 30,409.56. This was the stock’s fifth consecutive day of gains. Tesla Inc. closed $0.22 short of its 52-week high ($695.00), which the company achieved on December 18th. 

The stock outperformed some of its competitors Wednesday, as Toyota Motor Corp. ADR TM rose 0.49% to $154.09, General Motors Co. GM rose 0.65% to $41.84, and Honda Motor Co. Ltd. ADR HMC fell 0.21% to $28.16. Trading volume (42.1 M) remained 1.2 million below its 50-day average volume of 43.3 M.

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