Tesla (TSLA) stock performance is mixed with earnings and revenue estimates showing potential decrease.

From Nasdaq: 2024-05-13 09:00:14

Tesla (TSLA) stocks have returned -1.5% in the past month, compared to the S&P 500 composite’s +1.3%. Analysts project earnings of $0.60 per share for the current quarter, down 34.1% from last year. The Zacks Consensus Estimate for the current fiscal year is $2.47, a 20.8% decrease from last year. For the next fiscal year, the consensus earnings estimate is $3.24, a 31% increase from the previous year.

Tesla’s revenue growth estimates show a -0.1% change for the current quarter, +2.3% for the current fiscal year, and +13.8% for the next. The company reported revenues of $21.3 billion in the last quarter, down 8.7% year-over-year. With a Zacks Rank #4 (Sell), Tesla’s valuation seems overvalued compared to its peers, indicating potential underperformance in the near term.

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