Posted 2/22/2024, 10:45:17 PM
Tesla Stock Up Slightly But Misses Broader Gains As EPS Expected to Drop Despite Higher Revenue
- Tesla (TSLA) stock rose 1.36% but lagged behind broader market gains of over 2%
- TSLA earnings per share projected to decrease 21.18% year-over-year
- Revenue estimated to increase 10.58% compared to last year
- TSLA has a Zacks Rank of #3 (Hold) and trades at a premium Forward P/E of 61.71
- Automotive - Domestic industry, which TSLA is part of, ranks in top 27% of Zacks industries