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May 18, 2022, 4:32 p.m. EDT

Tesla Inc. stock underperforms Wednesday when compared to competitors

MarketWatch Automation

Shares of Tesla Inc. (NAS:TSLA) shed 6.80% to $709.81 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the NASDAQ Composite Index (NASDAQ:COMP) falling 4.73% to 11,418.15 and Dow Jones Industrial Average (DOW:DJIA) falling 3.57% to 31,490.07. Tesla Inc. closed $533.68 short of its 52-week high ($1,243.49), which the company achieved on November 4th.

The stock underperformed when compared to some of its competitors Wednesday, as Toyota Motor Corp. ADR (NYS:TM) fell 2.81% to $155.48, General Motors Co. (NYS:GM) fell 5.96% to $35.83, and Honda Motor Co. Ltd. ADR (NYS:HMC) fell 2.62% to $24.54. Trading volume (28.9 M) eclipsed its 50-day average volume of 26.4 M.

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

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