Shares of Tesla Inc. TSLA, +3.40% rallied 3.40% to $421.20 Monday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index COMP, +1.86% rising 1.87% to 11,117.53 and the Dow Jones Industrial Average DJIA, +1.50% rising 1.51% to 27,584.06. This was the stock's third consecutive day of gains. Tesla Inc. closed $81.29 below its 52-week high ($502.49), which the company achieved on September 1st.
The stock outperformed some of its competitors Monday, as Ford Motor Co. F, +2.76% rose 2.76% to $6.69, General Motors Co. GM, +1.51% rose 1.52% to $29.44, and NIO Inc. ADR NIO, +2.67% rose 2.67% to $18.81. Trading volume (49.4 M) remained 28.8 million below its 50-day average volume of 78.2 M.
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