Tesla Inc. stock outperforms competitors on strong trading day

Shares of Tesla Inc.

surged 12.58% to $419.62 Monday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index

rising 1.87% to 11,056.65 and the Dow Jones Industrial Average

rising 1.18% to 27,993.33. This was the stock’s fourth consecutive day of gains. Tesla Inc. closed $82.87 below its 52-week high ($502.49), which the company reached on September 1st.

The stock outperformed some of its competitors Monday, as Ford Motor Co.

rose 1.71% to $7.12, General Motors Co.

rose 2.36% to $31.18, and NIO Inc. ADR

rose 4.23% to $18.73. Trading volume (81.0 M) eclipsed its 50-day average volume of 80.5 M.

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Editor’s Note: This story was auto-generated by Automated Insights using data from Dow Jones and FactSet. See our market data terms of use.

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