Tesla (NASDAQ:TSLA) Getting Somewhat Favorable Media Coverage, Study Shows
News stories about Tesla (NASDAQ:TSLA) have been trending somewhat positive this week, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Tesla earned a media sentiment score of 1.14 on their scale. InfoTrie also assigned news stories about the electric vehicle producer an news buzz score of 0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Tesla’s score:
- Tesla Inc (NASDAQ:TSLA) CAO Sells $158,561.60 in Stock (americanbankingnews.com)
- Place Your Bets: Tesla Model X Drag Races Audi E-Tron – Motor1.com (motor1.com)
- Taxis Go Electric: Tesla Joins Cab Fleets in New York City – Observer (observer.com)
- Does Tesla’s Weird CYBRTRK Logo Actually Reveal The Truck’s Design? – Motor1.com (motor1.com)
- Watch This Video Of The 1st Tesla Model 3 From Gigafactory 3 In Shanghai – CleanTechnica (cleantechnica.com)
Several research analysts have recently issued reports on TSLA shares. Morgan Stanley reaffirmed an “equal weight” rating on shares of Tesla in a research note on Friday, November 1st. Credit Suisse Group raised their target price on shares of Tesla from $189.00 to $200.00 and gave the company an “underperform” rating in a research note on Thursday, October 24th. Bank of America raised their target price on shares of Tesla from $225.00 to $235.00 and gave the company an “underperform” rating in a research note on Thursday, October 24th. Goldman Sachs Group reaffirmed a “sell” rating and issued a $158.00 target price on shares of Tesla in a research note on Thursday, July 25th. Finally, TheStreet raised shares of Tesla from a “d+” rating to a “c-” rating in a research note on Tuesday, October 29th. Eighteen investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $265.23.
Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.42) by $2.28. The business had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $6.48 billion. Tesla had a negative net margin of 3.39% and a negative return on equity of 13.42%. Tesla’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period last year, the company posted $2.90 EPS. Equities research analysts expect that Tesla will post -5.12 earnings per share for the current year.
In other Tesla news, insider Jerome M. Guillen sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $305.00, for a total transaction of $2,440,000.00. Following the sale, the insider now directly owns 16,973 shares in the company, valued at approximately $5,176,765. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Zachary Kirkhorn sold 150 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $224.00, for a total transaction of $33,600.00. Following the sale, the chief financial officer now owns 9,812 shares in the company, valued at $2,197,888. The disclosure for this sale can be found here. Insiders have sold a total of 77,458 shares of company stock worth $26,551,973 over the last 90 days. Corporate insiders own 24.40% of the company’s stock.
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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