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Tesla's stock price rose 2.4% in after-hours trading, with the

Aug. 21, 2018 by Ella Pickett

Tesla's stock price rose 2.4% in after-hours trading, with the stock down 1.7% on the day. In the same period, the stock of General Motors Co. was up 1.7% at $45.45. The stock's average price is up 0.3% on the day.

Tesla shares closed at $18.01 on Wednesday, while the shares of United Technologies Inc., the maker of the Model S sedan, had declined 2.7% at $26.35.

In a short statement, Chief Financial Officer Rick Crain said, "Today marks a huge day for Tesla and a significant milestone in our company's future. My decision to leave is not about money, but about the future of our company."

Tesla shares closed at $20.46 on Wednesday, while the shares of United Technologies Inc., the maker of the Model S sedan, had climbed 2.3% at $35.04.

The shares of Tesla (NASDAQ:TSLA) were up 1.5% in after-hours trading on Wall Street. The shares were down 1.1% on the day.

The stock closed at $19.25 and shares of United Technologies Inc. (NYSE:USOTL), the maker of the Model X sedan, were up 1.9% at $29.99. The shares were down 1.1% on the day.