Tesla's Stock Slips Despite Stellar Monthly Performance
Tesla (TSLA) shares closed down 1.76% at $454.13, ending a month of strong gains. Despite this daily setback, the electric vehicle giant has surged 38.87% over the past month, outperforming both its sector and the S&P 500. Analysts are optimistic about Tesla's near-term prospects with a Zacks Rank #2 (Buy), yet higher than average P/E and PEG ratios hint at potential overvaluation concerns.
Dec 27