Tesla (TSLA) Ascends But Remains Behind Market: Some Facts to Note

Stock Performance - Tesla's stock ended at $411.05, marking a +0.15% adjustment from the previous day's close [1] - The stock underperformed compared to the S&P 500's daily gain of 0.55% [1] - The Dow lost 0.06%, while the Nasdaq, a tech-heavy index, gained 1.24% [1] Earnings and Revenue Projections - Tesla's upcoming earnings report is projected to show an EPS of $0.76, a 7.04% increase from the same quarter last year [2] - Revenue is expected to reach $27.81 billion, reflecting a 10.48% increase from the same quarter last year [2] Analyst Estimates and Zacks Rank - Recent adjustments to analyst estimates for Tesla indicate changing near-term business trends [3] - Positive estimate alterations signify analyst optimism regarding the company's business and profitability [3] - Tesla currently holds a Zacks Rank of 3 (Hold) [5] - The consensus EPS projection has moved 0.7% lower within the past 30 days [5] Valuation Metrics - Tesla's Forward P/E ratio is 125.96, significantly higher than the industry average of 13.32 [6] - The company's PEG ratio is 6.22, compared to the industry average of 1.64 [7] Industry Overview - The Automotive - Domestic industry, part of the Auto-Tires-Trucks sector, has a Zacks Industry Rank of 80, placing it in the top 32% of all industries [7] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]