Shares of Tesla Inc. /zigman2/quotes/203558040/composite TSLA +1.24% rose 7.33% to $759.63 Friday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index /zigman2/quotes/210598365/realtime COMP +0.90% rising 3.33% to 12,131.13 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.05% rising 1.76% to 33,212.96. This was the stock's third consecutive day of gains. Tesla Inc. closed $483.86 short of its 52-week high ($1,243.49), which the company reached on November 4th.
The stock outperformed some of its competitors Friday, as Toyota Motor Corp. ADR /zigman2/quotes/200537742/composite TM +0.84% rose 0.79% to $166.83, General Motors Co. /zigman2/quotes/205226835/composite GM +1.35% rose 3.07% to $38.57, and Honda Motor Co. Ltd. ADR /zigman2/quotes/207173990/composite HMC +0.25% rose 0.76% to $25.15. Trading volume (29.3 M) eclipsed its 50-day average volume of 27.8 M.