Shares of Tesla Inc. (TSLA) slipped 2.02% to $246.53 on Tuesday as the stock market experienced a poor trading session. 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. This decline in Tesla’s stock price ended a three-day winning streak.
Tesla Inc. closed $52.76 below its 52-week high of $299.29, which was achieved on July 19th. The trading volume of Tesla’s stocks was 101.5 million, which is 12.8 million below its 50-day average volume of 114.3 million.
It is important to note that this article was generated using data from Dow Jones and FactSet, with the assistance of Automated Insights, an automation technology provider.
The decline in Tesla’s stock price can be attributed to the overall poor performance of the stock market on that day. It is not an isolated incident specific to Tesla alone. The fall in the NASDAQ Composite Index and the Dow Jones Industrial Average indicates a broad decline in the market as a whole.
Although Tesla’s stock price dropped, it is still trading well above its 52-week low. Investors should consider the overall market conditions and trends when assessing the performance of a specific stock like Tesla.
Sources: Dow Jones, FactSet