Tesla (TSLA) Earns Media Impact Score of 0.17
Media coverage about Tesla (NASDAQ:TSLA) has been trending somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tesla earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the electric vehicle producer an impact score of 46.8425267242561 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- Goldman Sachs Group, Inc. (The) Raises Tesla Inc. (NASDAQ:TSLA) Price Target to $190.00 (americanbankingnews.com)
- Tesla Inc (TSLA) Charging $1,000 More for Red Model 3 (investorplace.com)
- Zacks: Analysts Anticipate Tesla Inc. (TSLA) Will Announce Quarterly Sales of $2.97 Billion (americanbankingnews.com)
- Tesla Motors (TSLA) PT Raised to $170 at Cowen; Keeps ‘Underperform’ – StreetInsider.com (streetinsider.com)
- Tesla Inc (TSLA) and Fitbit Inc (FIT) Give the Street Extra Shot of Confidence – Smarter Analyst (smarteranalyst.com)
Shares of Tesla (NASDAQ TSLA) traded up 2.83% during trading on Friday, reaching $356.91. The company had a trading volume of 9,268,909 shares. The firm has a 50-day moving average price of $346.20 and a 200-day moving average price of $302.00. Tesla has a 52-week low of $178.19 and a 52-week high of $386.99. The company’s market capitalization is $58.97 billion. Tesla also was the recipient of some unusual options trading on Thursday. Stock investors acquired 92,133 put options on the company. This represents an increase of approximately 119% compared to the average daily volume of 42,045 put options.
Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.00) by $0.67. Tesla had a negative return on equity of 17.71% and a negative net margin of 7.61%. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the firm earned ($1.06) EPS. Tesla’s quarterly revenue was up 119.6% on a year-over-year basis. On average, analysts predict that Tesla will post ($6.15) EPS for the current fiscal year.
Several brokerages have issued reports on TSLA. Berenberg Bank raised shares of Tesla from a “hold” rating to a “buy” rating and lifted their target price for the stock from $193.00 to $464.00 in a research note on Tuesday, June 13th. Robert W. Baird reaffirmed an “outperform” rating and set a $368.00 target price on shares of Tesla in a research note on Tuesday, June 20th. Vetr cut shares of Tesla from a “strong-buy” rating to a “buy” rating and set a $358.85 target price on the stock. in a research note on Tuesday, July 11th. Guggenheim lifted their target price on shares of Tesla from $320.00 to $380.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a $180.00 target price (down previously from $190.00) on shares of Tesla in a research note on Monday. Seven research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have assigned a buy rating to the stock. Tesla presently has an average rating of “Hold” and a consensus price target of $304.84.
In other Tesla news, Director Kimbal Musk sold 2,190 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $321.36, for a total transaction of $703,778.40. Following the completion of the sale, the director now owns 160,274 shares in the company, valued at approximately $51,505,652.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jeffrey B. Straubel sold 109,100 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $307.81, for a total value of $33,582,071.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 241,980 shares of company stock valued at $74,834,109. 23.10% of the stock is owned by insiders.
Tesla Company Profile
Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.
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