Shares of Tesla Inc. TSLA, +0.98% inched 0.98% higher to $446.65 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index COMP, -0.10% falling 0.10% to 11,863.90 and Dow Jones Industrial Average DJIA, -0.54% falling 0.55% to 28,679.81. This was the stock’s fifth consecutive day of gains. Tesla Inc. closed $55.84 below its 52-week high ($502.49), which the company reached on September 1st.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Ford Motor Co. F, +1.17% rose 1.17% to $7.76, General Motors Co. GM, -1.05% fell 1.06% to $31.87, and NIO Inc. ADR NIO, -1.05% fell 1.05% to $21.62. Trading volume (34.0 M) remained 38.4 million below its 50-day average volume of 72.4 M.