Somewhat Favorable News Coverage Extremely Likely to Affect Tesla (NASDAQ:TSLA) Share Price

News stories about Tesla (NASDAQ:TSLA) have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Tesla earned a daily sentiment score of 1.24 on their scale. InfoTrie also gave news headlines about the electric vehicle producer an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the immediate future.

These are some of the media headlines that may have impacted Tesla’s ranking:

Shares of NASDAQ:TSLA opened at $214.92 on Friday. Tesla has a 12 month low of $176.99 and a 12 month high of $387.46. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.42 and a current ratio of 0.83. The stock has a market cap of $36.35 billion, a price-to-earnings ratio of -37.57 and a beta of 0.49.

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

A number of equities analysts have recently issued reports on the stock. UBS Group restated a “sell” rating and issued a $200.00 price objective on shares of Tesla in a research note on Wednesday, May 22nd. Citigroup dropped their price objective on shares of Tesla from $238.00 to $191.00 and set a “sell” rating for the company in a research note on Wednesday, May 22nd. Canaccord Genuity set a $450.00 price objective on shares of Tesla and gave the company a “buy” rating in a research note on Tuesday, February 26th. JMP Securities dropped their price objective on shares of Tesla from $374.00 to $369.00 and set a “market outperform” rating for the company in a research note on Thursday, April 25th. Finally, Roth Capital dropped their price objective on shares of Tesla from $270.00 to $240.00 and set a “neutral” rating for the company in a research note on Thursday, April 11th. Seventeen analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. Tesla currently has an average rating of “Hold” and an average price target of $292.12.

In other Tesla news, insider Jeffrey B. Straubel sold 15,000 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $267.50, for a total transaction of $4,012,500.00. Following the sale, the insider now owns 306,748 shares of the company’s stock, valued at approximately $82,055,090. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Antonio J. Gracias sold 16,780 shares of the stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $275.92, for a total transaction of $4,629,937.60. Following the sale, the director now directly owns 8,728 shares in the company, valued at approximately $2,408,229.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 134,086 shares of company stock worth $29,968,066. Insiders own 22.80% of the company’s stock.

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About Tesla

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.

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