Tesla Stock Outperforms Broader Market Despite Cautions Ahead of Earnings
• Tesla (TSLA) stock closed higher while broader markets fell • TSLA outpaced the S&P 500, Dow, and Nasdaq in latest trading session • Tesla facing downward revisions to EPS estimates ahead of upcoming earnings • TSLA currently has a Zacks Rank of #3 (Hold) and a high P/E ratio of 53.14 • Automotive - Domestic industry ranked in top 27% of all Zacks industries