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Aug. 12, 2020, 4:25 p.m. EDT

Tesla Inc. stock outperforms market on strong trading day

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Shares of Tesla Inc. TSLA jumped 13.12% to $1,554.76 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index COMP rising 2.13% to 11,012.24 and the Dow Jones Industrial Average DJIA rising 1.05% to 27,976.84. The stock's rise snapped a three-day losing streak. Tesla Inc. closed $240.23 below its 52-week high ($1,794.99), which the company reached on July 13th.

The stock outperformed some of its competitors Wednesday, as Ford Motor Co. F fell 1.66% to $7.11, General Motors Co. GM fell 1.72% to $28.03, and NIO Inc. ADR NIO rose 2.85% to $13.36. Trading volume (21.6 M) eclipsed its 50-day average volume of 13.2 M.

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Editor's Note: This story was auto-generated by Automated Insights using data from Dow Jones and FactSet. See our market data terms of use.

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