Tesla stock closed lower than the previous day, but analysts project earnings and revenue growth.

From Nasdaq: 2024-12-19 17:45:20

Tesla (TSLA) stock closed at $436.17, down 0.9% from the previous day, underperforming the S&P 500. Shares have risen by 28.68% in the past month, beating the Auto-Tires-Trucks sector. Analysts project earnings per share at $0.77 and revenue at $27.95 billion for the upcoming earnings report.

Tesla’s stock is currently rated a #1 (Strong Buy) by the Zacks Rank system. The company’s P/E ratio stands at 178.35, higher than the industry average. The Automotive – Domestic industry, part of the Auto-Tires-Trucks sector, is ranked at 129 out of 250+ industries by Zacks. Analysts believe in Tesla’s future success.

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Read more at Nasdaq: Here’s Why Tesla (TSLA) Fell More Than Broader Market