Very Favorable News Coverage Extremely Likely to Affect Tesla (TSLA) Stock Price

News coverage about Tesla (NASDAQ:TSLA) has been trending very positive recently, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 6,000 news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Tesla earned a media sentiment score of 3.15 on their scale. InfoTrie also gave headlines about the electric vehicle producer an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company’s share price in the near future.

These are some of the news articles that may have effected Tesla’s score:

NASDAQ TSLA opened at $232.31 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.42 and a debt-to-equity ratio of 1.79. The company has a market cap of $42.04 billion, a P/E ratio of -40.61 and a beta of 0.27. Tesla has a 1 year low of $224.50 and a 1 year high of $387.46.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, April 24th. The electric vehicle producer reported ($4.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.51) by ($1.59). The firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $5.18 billion. Tesla had a negative return on equity of 18.23% and a negative net margin of 4.29%. The business’s revenue was up 33.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($3.35) EPS. Equities analysts expect that Tesla will post -4.64 EPS for the current year.

A number of research analysts recently commented on the stock. Canaccord Genuity set a $450.00 price target on shares of Tesla and gave the company a “buy” rating in a research note on Tuesday, February 26th. JMP Securities decreased their price target on shares of Tesla from $374.00 to $369.00 and set a “market outperform” rating on the stock in a research note on Thursday, April 25th. Morgan Stanley reiterated an “equal weight” rating and issued a $283.00 price target (down previously from $291.00) on shares of Tesla in a research note on Tuesday, February 5th. Roth Capital decreased their price target on shares of Tesla from $270.00 to $240.00 and set a “neutral” rating on the stock in a research note on Thursday, April 11th. Finally, ValuEngine upgraded shares of Tesla from a “hold” rating to a “buy” rating in a research note on Friday, March 29th. Sixteen research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $304.65.

In related news, Director Antonio J. Gracias sold 16,780 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $285.46, for a total transaction of $4,790,018.80. Following the sale, the director now owns 16,792 shares in the company, valued at approximately $4,793,444.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey B. Straubel sold 15,000 shares of the stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $316.95, for a total transaction of $4,754,250.00. Following the sale, the insider now owns 321,398 shares in the company, valued at approximately $101,867,096.10. The disclosure for this sale can be found here. Insiders have sold a total of 95,340 shares of company stock worth $26,907,754 in the last quarter. 22.80% of the stock is currently owned by company insiders.

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Tesla Company Profile

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

See Also: Producer Price Index (PPI)

Insider Buying and Selling by Quarter for Tesla (NASDAQ:TSLA)

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