Tesla (TSLA) Continues to Outshine Market Performance
Tesla (TSLA) outperformed the stock market with a 0.55% increase in its latest trading session, surpassing the S&P 500's 0.01% gain. Analysts are anticipating Tesla's upcoming earnings report, expecting a year-over-year decline in earnings but a 16.88% increase in revenue. Recent estimate revisions indicate optimism about the company's business outlook, and these revisions are often correlated with near-term share price momentum. Tesla currently holds a Zacks Rank of #3 (Hold) and has a higher valuation compared to its industry average. The Automotive - Domestic industry, to which Tesla belongs, has a Zacks Industry Rank of 88, placing it in the top 35% of all industries.
