Tesla Inc. Stock Slides 10.8%, Underperforms Peers

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Tesla Inc. tumbled 10.8% to $343.69 on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index falling 5.5% to 24,315.00 and Dow Jones Industrial Average falling 3.4% to 51,523.06.

This was the stock's third consecutive day of losses.

Tesla Inc. closed 31.1% short of its 52-week high of $498.83, which the company achieved on December 22nd.

The stock underperformed when compared to some of its peers, as General Motors Co. fell 3.4% to $89.33, Ford Motor Co. fell 1.1% to $12.53, and NIO Inc. ADR fell 3.03% to $3.20.

Trading volume totaled 78.2 million, compared to the 50-day average of 37.9 million.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

November 05, 2026 16:35 ET (21:35 GMT)