Shares of Tesla Inc. /zigman2/quotes/203558040/composite TSLA +2.55% advanced 7.43% to $707.73 Thursday, 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 +1.75% rising 2.68% to 11,740.65 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.42% rising 1.61% to 32,637.19. This was the stock's second consecutive day of gains. Tesla Inc. closed $535.76 below its 52-week high ($1,243.49), which the company achieved on November 4th.
The stock outperformed some of its competitors Thursday, as Toyota Motor Corp. ADR /zigman2/quotes/200537742/composite TM -0.51% rose 2.79% to $165.53, General Motors Co. /zigman2/quotes/205226835/composite GM +0.56% rose 4.00% to $37.42, and Honda Motor Co. Ltd. ADR /zigman2/quotes/207173990/composite HMC -2.48% rose 1.59% to $24.96. Trading volume (34.5 M) eclipsed its 50-day average volume of 27.7 M.