Very Negative Press Coverage Extremely Unlikely to Impact Tesla (TSLA) Stock Price
Media coverage about Tesla (NASDAQ:TSLA) has trended very negative recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than 6,000 blog and news sources. 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 daily sentiment score of -3.00 on their scale. InfoTrie also assigned headlines about the electric vehicle producer an news buzz score of 1 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have impacted Tesla’s ranking:
- Tesla’s Growing GHG Credit Treasure Chest – Seeking Alpha (seekingalpha.com)
- Tesla has yet to close battery company acquisition, extends the deadline – Electrek (electrek.co)
- A Bullish Tesla Analyst Wants To Know If New Cars Are Actually Boosting Demand (finance.yahoo.com)
- Tesla’s New Dynamic Brake Lights Should Be Standard On Every Car – Motor1.com (motor1.com)
- $35,000 Tesla Model 3 deliveries still delayed – Green Car Reports (greencarreports.com)
Shares of TSLA opened at $278.62 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.83 and a debt-to-equity ratio of 1.63. The stock has a market cap of $46.25 billion, a price-to-earnings ratio of -48.71, a price-to-earnings-growth ratio of 4.68 and a beta of 0.37. Tesla has a 12-month low of $244.59 and a 12-month high of $387.46.
TSLA has been the subject of several recent analyst reports. BidaskClub cut shares of Tesla from a “buy” rating to a “hold” rating in a research note on Saturday, December 1st. Wolfe Research raised their target price on shares of Tesla from $410.00 to $430.00 and gave the stock an “outperform” rating in a research note on Thursday, December 6th. Jefferies Financial Group upgraded shares of Tesla from a “hold” rating to a “buy” rating and raised their target price for the stock from $360.00 to $450.00 in a research note on Friday, December 7th. Robert W. Baird restated an “outperform” rating and issued a $465.00 target price (up previously from $411.00) on shares of Tesla in a research note on Thursday, December 13th. They noted that the move was a valuation call. Finally, Wedbush started coverage on shares of Tesla in a research note on Thursday, December 13th. They issued an “outperform” rating and a $440.00 target price for the company. Fourteen analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $327.03.
In other news, insider Jeffrey B. Straubel sold 15,000 shares of Tesla 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 completion of the sale, the insider now directly owns 306,748 shares in the company, valued at $82,055,090. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Antonio J. Gracias sold 16,780 shares of Tesla stock in a transaction dated Wednesday, March 13th. The stock was 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 of the company’s stock, valued at $4,793,444.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,740 shares of company stock valued at $30,641,888. 22.80% of the stock is currently owned by company insiders.
ILLEGAL ACTIVITY WARNING: This news story was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.watchlistnews.com/very-negative-press-coverage-extremely-unlikely-to-impact-tesla-tsla-stock-price/2924951.html.
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.
Featured Article: Trading signals using Bollinger bands
Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.