Posted 3/27/2024, 9:45:18 PM
Tesla Stock Up Slightly Despite Recent Slump; Investors Await Q2 Earnings
- Tesla (TSLA) stock closed 1.22% higher on the day, outpacing broader market gains
- Tesla stock has fallen 11.05% over the past month, lagging the sector and S&P 500
- Upcoming Tesla earnings expected to show 25.88% drop in EPS year-over-year to $0.63
- Revenue estimate for upcoming quarter is $25.14 billion, a 7.75% increase year-over-year
- Tesla stock has a forward P/E ratio of 58.27, higher than the industry average of 15.12