Tesla (TSLA) Stock Slides as Market Rises: Facts to Know Before You Trade

The most recent trading session ended with Tesla (TSLA) standing at $252.24, reflecting a -0.06% shift from the previouse trading day's closing. This change lagged the S&P 500's 1.81% gain on the day. Elsewhere, the Dow saw an upswing of 1.56%, while the tech-heavy Nasdaq appreciated by 2.06%.Heading into today, shares of the electric car maker had gained 4.87% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 0.97% and the S&P 500's loss of 6.14% in that time.Market participants will be closely following the financial results of Tesla in its upcoming release. The company plans to announce its earnings on April 22, 2025. The company is predicted to post an EPS of $0.45, indicating constancy compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $21.85 billion, showing a 2.57% escalation compared to the year-ago quarter.For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.65 per share and a revenue of $104.78 billion, representing changes of +9.5% and +7.26%, respectively, from the prior year.Investors should also note any recent changes to analyst estimates for Tesla. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 14.59% lower. Tesla currently has a Zacks Rank of #3 (Hold).Looking at valuation, Tesla is presently trading at a Forward P/E ratio of 95.19. This expresses a premium compared to the average Forward P/E of 9.51 of its industry.We can also see that TSLA currently has a PEG ratio of 4.15. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Automotive - Domestic industry had an average PEG ratio of 0.78.The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 158, positioning it in the bottom 37% of all 250+ industries.The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tesla, Inc. (TSLA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks