With shares falling and profits shrinking, Tesla Inc. is increasingly looking like the odd one out among its mega-cap technology peers. Investors worry that quarterly results will make the electric-vehicle maker even more of an outlier.

The Elon Musk-led company is the only member of the so-called Magnificent Seven which is expected to see profits decline in its latest quarterly results — and the only one that has seen Wall Street estimates come down from a year ago. The shares have fallen 12% this year, while all of its Big Tech peers have advanced. Despite that, it’s still the most expensive stock in the group when plotted next to profits, giving it a tough setup for earnings.