Shares of Tesla Inc. (TSLA) rallied 3.43% to $1,114.00 Friday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 0.33% to 15,498.39 and the Dow Jones Industrial Average rising 0.25% to 35,819.56. This was the stock's third consecutive day of gains. Tesla Inc. hit a new 52-week high, surpassing its previous peak of $1,094.94, which the company reached on October 26th.

The stock outperformed some of its competitors Friday, as Toyota Motor Corp. ADR (7203.TO) rose 0.05% to $176.57, General Motors Co. (GM) rose 0.35% to $54.43, and Honda Motor Co. Ltd. ADR (7267.TO) fell 0.40% to $29.58. Trading volume (29.3 M) eclipsed its 50-day average volume of 20.3 M.