Tesla Inc. (TSLA) experienced a 2.02% drop in its stock price on Tuesday, closing at $246.53. This decline occurred during a generally unfavorable trading session for the stock market, as the NASDAQ Composite Index (COMP) fell 1.87% to 13,059.47 and the Dow Jones Industrial Average (DJIA) dropped 1.29% to 33,002.38. Tesla’s decrease in stock price marked the end of a three-day winning streak.
The company’s stock closed $52.76 below its 52-week high of $299.29, which was achieved on July 19th. Furthermore, the trading volume for Tesla reached 101.5 million shares, which was 12.8 million shares lower than its 50-day average volume of 114.3 million.
This article was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet.
- Tesla Inc. (TSLA): A renowned electric vehicle company founded by Elon Musk in 2003. Tesla is known for its innovative electric cars and renewable energy solutions.
- NASDAQ Composite Index (COMP): A stock market index that includes all common stocks and similar securities listed on the NASDAQ Stock Market.
- Dow Jones Industrial Average (DJIA): A stock market index that represents the performance of 30 large, publicly-owned companies in the United States.
- Dow Jones