Shares of Tesla Inc. TSLA slid 7.82% to $811.19 Monday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index COMP falling 1.25% to 13,036.43 and Dow Jones Industrial Average DJIA falling 0.29% to 31,008.69. The stock’s fall snapped an 11-day winning streak. Tesla Inc. closed $73.30 short of its 52-week high ($884.49), which the company reached on January 8th.
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The stock underperformed when compared to some of its competitors Monday, as Toyota Motor Corp. ADR TM rose 0.35% to $153.39, General Motors Co. GM rose 4.53% to $45.01, and Honda Motor Co. Ltd. ADR HMC fell 0.11% to $28.15. Trading volume (58.8 M) eclipsed its 50-day average volume of 45.9 M.