Tesla Inc. Stock Falls 3.8%, Underperforms Peers
Dow Jones2026/08/24 20:34This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Tesla Inc. slid 3.8% to $348.95 on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.3% to 53,417.16 and the NASDAQ Composite Index falling 0.8% to 25,980.19.
Tesla Inc. closed 30.0% short of its 52-week high of $498.83, which the company achieved on December 22nd.
The stock demonstrated a mixed performance when compared to some of its peers, as General Motors Co. fell 1.1% to $86.98, Ford Motor Co. fell 3.3% to $13.93, and NIO Inc. ADR fell 5.83% to $4.36.
Trading volume totaled 38.9 million, compared to the 50-day average of 41.1 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
August 24, 2026 16:34 ET (20:34 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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