Tesla Stock Outperforms Market Despite Recent Slump, EPS Drop Expected in Upcoming Earnings
• Tesla (TSLA) stock rose 1.05% on latest trading day, outpacing S&P 500 and Dow gains • TSLA shares down 7.81% over last month compared to 6.8% drop in auto sector and 1.5% S&P gain • Tesla expected to report 28.24% drop in Q1 2024 EPS to $0.61 on April 23 • Consensus estimates call for 13.59% revenue growth to $109.92 billion in fiscal year • TSLA has Zacks Rank #5 (Strong Sell); trades at premium to industry average valuation