Tesla Inc. stock falls Wednesday, underperforms market - MarketWatch

Shares of Tesla Inc. TSLA, -4.39% slipped 4.39% to $406.02 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index COMP, -3.73% falling 3.73% to 11,004.87 and Dow Jones Industrial Average DJIA, -3.43% falling 3.43% to 26,519.95. Tesla Inc. closed $96.47 short of its 52-week high ($502.49), which the company reached on September 1st.

The stock underperformed when compared to some of its competitors Wednesday, as Toyota Motor Corp. ADR TM, -1.80% fell 1.80% to $130.07, General Motors Co. GM, -2.29% fell 2.29% to $34.09, and Honda Motor Co. Ltd. ADR HMC, -3.56% fell 3.57% to $23.26. Trading volume (25.0 M) remained 41.3 million below its 50-day average volume of 66.3 M.

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