Somewhat Positive Media Coverage Somewhat Unlikely to Affect Tesla (TSLA) Share Price
News coverage about Tesla (NASDAQ:TSLA) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tesla earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the electric vehicle producer an impact score of 44.9697248264446 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Sanford C. Bernstein Reaffirms “Hold” Rating for Tesla Inc. (TSLA) (americanbankingnews.com)
- Tesla’s Autopilot Played a ‘Major Role’ in Fatal 2016 Crash (yahoo.com)
- Tesla loses longtime business exec, its 10th high-profile departure this year (bizjournals.com)
- Tesla’s ‘Beast’ Mode Activated; Elon Musk Bulks Up Its Line With New Semi Truck (benzinga.com)
- A Tesla Inc (TSLA) Bear Lifts Price Target, an Apple Inc. (AAPL) Bull Less Than Impressed by iPhone X – Smarter Analyst (smarteranalyst.com)
Several equities analysts have issued reports on the stock. Vetr upgraded shares of Tesla from a “strong sell” rating to a “sell” rating and set a $335.62 price target for the company in a research report on Tuesday, June 13th. Robert W. Baird restated an “outperform” rating and issued a $368.00 price target on shares of Tesla in a research report on Tuesday, June 20th. BidaskClub cut shares of Tesla from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Sanford C. Bernstein restated a “hold” rating and issued a $265.00 price target on shares of Tesla in a research report on Thursday. Finally, Goldman Sachs Group, Inc. (The) restated a “sell” rating and issued a $200.00 price target (up from $180.00) on shares of Tesla in a research report on Wednesday, August 9th. Eight research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $315.31.
Tesla (TSLA) traded up 3.14% during trading on Thursday, hitting $377.74. 7,202,524 shares of the stock were exchanged. The company has a 50-day moving average price of $350.77 and a 200 day moving average price of $322.11. Tesla has a 1-year low of $178.19 and a 1-year high of $386.99. The firm’s market capitalization is $63.04 billion.
Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.00) by $0.67. Tesla had a negative net margin of 7.61% and a negative return on equity of 16.36%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the firm posted ($1.06) EPS. The company’s revenue was up 119.6% on a year-over-year basis. Equities analysts predict that Tesla will post ($6.26) earnings per share for the current fiscal year.
In other Tesla news, VP Eric Branderiz sold 99 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $350.12, for a total transaction of $34,661.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kimbal Musk sold 2,190 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $355.20, for a total transaction of $777,888.00. Following the sale, the director now directly owns 158,584 shares of the company’s stock, valued at $56,329,036.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,946 shares of company stock valued at $18,481,047. Insiders own 23.10% of the company’s stock.
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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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