Shares of Tesla Inc. /zigman2/quotes/203558040/composite TSLA -4.42% rallied 1.64% to $1,068.96 Wednesday, 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 +0.96% rising 0.64% to 15,786.99 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.00% rising 0.10% to 35,754.75. This was the stock's second consecutive day of gains. Tesla Inc. closed $174.53 below its 52-week high ($1,243.49), which the company reached on November 4th.
The stock outperformed some of its competitors Wednesday, as Toyota Motor Corp. ADR /zigman2/quotes/200537742/composite TM -0.88% fell 2.65% to $182.48, General Motors Co. /zigman2/quotes/205226835/composite GM +1.05% fell 1.22% to $60.78, and Honda Motor Co. Ltd. ADR /zigman2/quotes/207173990/composite HMC +0.17% fell 1.63% to $28.42. Trading volume (13.8 M) remained 13.0 million below its 50-day average volume of 26.8 M.