Tesla (TSLA) Outpaces Stock Market Gains: What You Should Know

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In the latest trading session, Tesla (TSLA) closed at $352.70, marking a +1.11% move from the previous day. The stock outpaced the S&P 500’s daily gain of 0.29%. Meanwhile, the Dow gained 0.11%, and the Nasdaq, a tech-heavy index, added 0.44%.

Coming into today, shares of the electric car maker had lost 0.31% in the past month. In that same time, the Auto-Tires-Trucks sector lost 2.08%, while the S&P 500 gained 1.51%.

Investors will be hoping for strength from TSLA as it approaches its next earnings release. The company is expected to report EPS of $1.23, down 36.27% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.97 billion, down 3.59% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.50 per share and revenue of $24.27 billion. These totals would mark changes of +62.41% and +13.11%, respectively, from last year.

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