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



Shares of Tesla Inc. TSLA,
-2.35%
shed 2.35% to $ 1,418.57 on Monday, in what proved to be a comprehensive mixed trading session for the stock market, with industrial average DJIA Dow Jones,
+ 1.30%
rising 1.30% to 27,791.44 and NASDAQ Composite Index Company,
-0.38%
falling 0.39% to 1

0,968.36. This was the second consecutive day of stock losses. Tesla Inc. closed $ 376.42 below its 52-week high ($ 1,794.99), which the company reached on July 13th.

The shares undervalued when compared to some of its competitors on Monday, as Ford Motor Co. F,
+ 3.35%
rose 3.35% to $ 7.09, General Motors Co. GM,
+ 4.71%
rose 4.72% to $ 27.98, and NIO Inc. ADR NIO,
+ 5.88%
rose 5.89% to $ 14.21. Trading volume (7.5 M) remained 6.0 million below the 50-day average volume of 13.4 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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