Tesla (TSLA) Earning Somewhat Favorable Press Coverage, Study Shows
Press coverage about Tesla (NASDAQ:TSLA) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tesla earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news stories about the electric vehicle producer an impact score of 45.2918967583139 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- SpaceX’s Falcon Heavy Will Carry a Tesla Roadster on Its First Trip Toward Mars (finance.yahoo.com)
- Move Over Tesla: Lockheed Martin's Autonomous Driving Product Could Soon Guide Military Convoys (finance.yahoo.com)
- Tesla Begins Using Capital Leases In A Big Way – Seeking Alpha (seekingalpha.com)
- Tesla November A Big Stinker – Seeking Alpha (seekingalpha.com)
- Tesla Beats Big Battery Deadline – U.S. News & World Report (money.usnews.com)
TSLA has been the topic of a number of analyst reports. Goldman Sachs Group lifted their price objective on shares of Tesla from $180.00 to $190.00 in a report on Friday, August 4th. Vetr raised shares of Tesla from a “hold” rating to a “buy” rating and set a $372.51 price objective on the stock in a report on Thursday, August 10th. Guggenheim reaffirmed a “buy” rating and set a $430.00 price objective on shares of Tesla in a report on Thursday, August 10th. Argus raised shares of Tesla from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $355.17 to $444.00 in a report on Tuesday, August 8th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $411.00 price objective on shares of Tesla in a report on Friday, September 29th. Ten investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $334.82.
Tesla (TSLA) traded down $2.32 during midday trading on Friday, hitting $306.53. The stock had a trading volume of 4,285,954 shares, compared to its average volume of 6,028,200. Tesla has a 12 month low of $180.00 and a 12 month high of $389.61. The company has a current ratio of 1.09, a quick ratio of 0.71 and a debt-to-equity ratio of 1.66.
Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) EPS for the quarter, topping the Zacks’ consensus estimate of ($3.09) by $0.17. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the business posted $0.71 EPS. The business’s revenue for the quarter was up 29.9% compared to the same quarter last year. sell-side analysts forecast that Tesla will post -11.38 EPS for the current fiscal year.
In related news, VP Eric Branderiz sold 99 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $350.12, for a total value of $34,661.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP John Douglas Field sold 600 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $301.60, for a total value of $180,960.00. Following the completion of the sale, the vice president now owns 21,424 shares in the company, valued at $6,461,478.40. The disclosure for this sale can be found here. Insiders sold a total of 10,287 shares of company stock worth $3,345,225 over the last 90 days. 23.10% of the stock is currently owned by company insiders.
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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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