Tesla Stock Slides Despite Market Gains, Trades at Premium Valuation Ahead of Q4 Earnings

• Tesla (TSLA) stock dropped 1.62% despite market gains, underperforming the S&P 500, Dow, and Nasdaq • TSLA stock has fallen 9.81% in the past month compared to gains in the sector and S&P 500 • Tesla's upcoming earnings release projected to show 24.71% EPS decrease year-over-year to $0.64 • Revenue estimate of $25.4B for next report indicates 8.89% increase from last year • TSLA trades at a premium valuation based on Forward P/E of 57.44 vs industry average of 14.93