Tesla (TSLA) closed at $467.22, down 4.63% from the previous day, underperforming the S&P 500, Dow, and Nasdaq. In the past month, Tesla shares gained 22.09%, while the Auto-Tires-Trucks sector rose 13.66%. Analysts project a 35.62% decrease in EPS and a 3.25% drop in revenue for the upcoming earnings release.

Tesla’s Zacks Consensus Estimates anticipate a 32.23% drop in earnings and a 2.89% decrease in revenue for the full year. The Zacks Rank system suggests a #3 (Hold) for Tesla, with a 0.07% increase in EPS estimate in the past month. Tesla’s Forward P/E ratio is 298.4, with a PEG ratio of 8.53, both above industry averages.

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Read more at Nasdaq: Tesla (TSLA) Dips More Than Broader Market: What You Should Know