Tesla (TSLA) has +0.3% return, -34.1% change in earnings estimates, trading at a premium.

From Nasdaq: 2024-06-17 09:00:15

Tesla (TSLA) has been trending on Zacks.com with a +0.3% return in the past month, while the auto industry has seen a -0.4% decline. Earnings estimates for the current quarter show a -34.1% change, indicating a Zacks Rank #3 (Hold) for Tesla.

Analysts focus on earnings estimates to determine a stock’s future performance. Revenue forecasts for Tesla show a -0.1% change for the current quarter, with $24.91 billion estimated. Valuation metrics indicate Tesla is trading at a premium to its peers, earning an F in the Zacks Value Style Score.

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Read more at Nasdaq: Tesla, Inc. (TSLA) Is a Trending Stock: Facts to Know Before Betting on It