News coverage about Tesla (NASDAQ:TSLA) has trended somewhat positive on Thursday, 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 public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Tesla earned a news impact score of 1.24 on their scale. InfoTrie also gave news articles 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 effect on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Tesla’s score:
- Tesla owner takes his Model X through deep mud and steep hills in off-road test – Teslarati (teslarati.com)
- Tesla’s June Rebound Hits a Speed Bump – Entrepreneur (entrepreneur.com)
- Tesla Sentry Mode stops a thief from stealing wheels off parked car – Electrek (electrek.co)
- Tesla: “There Is Not a Demand Problem” – The Motley Fool (fool.com)
- We ride along and fix electric cars with Tesla Mobile Service – CNET (cnet.com)
TSLA has been the subject of several recent analyst reports. Goldman Sachs Group reaffirmed a “sell” rating and issued a $210.00 price target on shares of Tesla in a research report on Friday, March 1st. Sanford C. Bernstein reiterated a “neutral” rating and issued a $325.00 price objective on shares of Tesla in a report on Friday, March 29th. Roth Capital set a $240.00 price objective on Tesla and gave the stock a “hold” rating in a report on Tuesday, April 23rd. JMP Securities reduced their price objective on Tesla from $406.00 to $394.00 and set an “outperform” rating for the company in a report on Monday, March 25th. Finally, Morgan Stanley reiterated a “neutral” rating and issued a $230.00 price objective on shares of Tesla in a report on Thursday, May 2nd. Seventeen investment analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $292.12.
Shares of NASDAQ:TSLA opened at $209.26 on Thursday. The company has a market cap of $37.71 billion, a P/E ratio of -36.58 and a beta of 0.49. The company has a quick ratio of 0.42, a current ratio of 0.83 and a debt-to-equity ratio of 1.79. Tesla has a 12-month low of $176.99 and a 12-month high of $387.46.
Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, April 24th. The electric vehicle producer reported ($4.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($2.51) by ($1.59). The company had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $5.18 billion. Tesla had a negative net margin of 4.29% and a negative return on equity of 18.23%. The company’s revenue was up 33.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($3.35) earnings per share. On average, sell-side analysts expect that Tesla will post -4.64 earnings per share for the current year.
In related news, insider Jeffrey B. Straubel sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $267.50, for a total value of $4,012,500.00. Following the transaction, the insider now directly owns 306,748 shares of the company’s stock, valued at approximately $82,055,090. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Elon Musk purchased 102,880 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was acquired at an average cost of $243.00 per share, for a total transaction of $24,999,840.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 134,086 shares of company stock valued at $29,968,066. 22.80% of the stock is currently owned by corporate insiders.
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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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