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Shares of Tesla Inc. fall on Friday, underestimates the market



Shares of Tesla Inc. TSLA,
-3.81%
shed 3.81% to $ 1,430.76 on Friday, in what proved to be a favorable trading session favorable for the stock market, with the NASDAQ Composite Index COMP,
+ 1.48%
rising 1.49% to 10,745.27 and the DIA Jones industrial average DJIA,
+ 0.43%
increasing 0.44% to 26,428.32. This was the second consecutive day of stock losses. Tesla Inc. closed $ 364.23 below its 52-week high ($ 1

,794.99), which the company reached on July 13th.

The stock underestimated when compared to some of its competitors on Friday, as Ford Motor Co. F,
-1.92%
fell 1.93% to $ 6.61, General Motors Co. GM,
-1.23%
fell 1.23% to $ 24.89, and NIO Inc. ADR NIO,
-2.13%
fell 2.13% to $ 11.94. The trading volume (12.1 M) remained 1.5 million below the 50-day average volume of 13.7 M.

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Editor’s note: This story was automatically created by Automated Insights using data from Dow Jones and FactSet. See terms of use of market data.


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