Shares of Tesla Inc. TSLA, +5.84% advanced 5.84% to $423.90 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index COMP, +1.85% rising 1.85% to 11,160.57 and the Dow Jones Industrial Average DJIA, +2.06% rising 2.06% to 27,480.03. This was the stock’s second consecutive day of gains. Tesla Inc. closed $78.59 short of its 52-week high ($502.49), which the company achieved on September 1st.
The stock outperformed some of its competitors Tuesday, as Toyota Motor Corp. ADR TM, +1.97% rose 1.97% to $135.87, General Motors Co. GM, +2.31% rose 2.32% to $35.35, and Honda Motor Co. Ltd. ADR HMC, +1.07% rose 1.07% to $24.49. Trading volume (33.8 M) remained 27.4 million below its 50-day average volume of 61.2 M.