Shares of Tesla Inc. TSLA rallied 1.64% to $449.39 Monday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index COMP falling 0.13% to 10,778.80 and Dow Jones Industrial Average DJIA falling 1.84% to 27,147.70. This was the stock's second consecutive day of gains. Tesla Inc. closed $53.10 short of its 52-week high ($502.49), which the company achieved on September 1st.
The stock outperformed some of its competitors Monday, as Ford Motor Co. F fell 4.98% to $6.87, General Motors Co. GM fell 4.76% to $30.00, and NIO Inc. ADR NIO fell 3.09% to $18.81. Trading volume (103.8 M) eclipsed its 50-day average volume of 79.4 M.
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