Media coverage about Tesla (NASDAQ:TSLA) has been trending somewhat positive this week, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Tesla earned a media sentiment score of 1.50 on their scale. InfoTrie also gave press coverage about the electric vehicle producer an news buzz score of 3 out of 10, indicating that recent news coverage is unlikely to have an effect on the company’s share price in the near future.
Here are some of the news headlines that may have effected Tesla’s score:
- Tesla CEO Elon Musk faces trial for ‘pedo’ insult of diver (marketbeat.com)
- Tesla Inc (TSLA) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Trial date set for Elon Musk’s ‘pedo guy’ tweet (feeds.reuters.com)
- Tesla seeks dismissal of suit challenging Musk pay package – Yahoo Finance (finance.yahoo.com)
- Some Tesla Performance models can no longer access full power, report says – CNET (cnet.com)
NASDAQ:TSLA opened at $239.52 on Friday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.42 and a current ratio of 0.83. Tesla has a one year low of $231.13 and a one year high of $387.46. The company has a market cap of $42.04 billion, a P/E ratio of -41.87 and a beta of 0.27.
Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, April 24th. The electric vehicle producer reported ($4.10) EPS for the quarter, missing the consensus estimate 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 business had revenue of $4.54 billion for the quarter, compared to analyst estimates of $5.18 billion. During the same quarter in the prior year, the business earned ($3.35) earnings per share. The firm’s quarterly revenue was up 33.2% on a year-over-year basis. On average, analysts expect that Tesla will post -4.64 earnings per share for the current fiscal year.
Several equities analysts have commented on TSLA shares. Jefferies Financial Group reissued a “buy” rating and issued a $450.00 target price on shares of Tesla in a report on Wednesday, March 27th. Oppenheimer raised their target price on shares of Tesla from $418.00 to $437.00 and gave the company an “outperform” rating in a report on Thursday, January 31st. Berenberg Bank set a $500.00 target price on shares of Tesla and gave the company a “buy” rating in a report on Friday, March 1st. Canaccord Genuity raised shares of Tesla from a “hold” rating to a “buy” rating and raised their target price for the company from $330.00 to $450.00 in a report on Monday, February 11th. Finally, Goldman Sachs Group reissued a “sell” rating and issued a $225.00 target price on shares of Tesla in a report on Tuesday, January 22nd. Sixteen investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $304.65.
In other Tesla news, CEO Elon Musk bought 102,880 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average cost of $243.00 per share, for a total transaction of $24,999,840.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeffrey B. Straubel sold 15,000 shares of Tesla stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $239.08, for a total transaction of $3,586,200.00. Following the sale, the insider now owns 321,398 shares in the company, valued at $76,839,833.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,340 shares of company stock worth $26,907,754. 22.80% of the stock is owned by corporate insiders.
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.
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