Press coverage about Tesla (NASDAQ:TSLA) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Tesla earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news headlines about the electric vehicle producer an impact score of 78 out of 100, meaning that recent media coverage is likely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Tesla Inc. (TSLA) Rating Lowered to Buy at BidaskClub (americanbankingnews.com)
- Tesla Inc. (TSLA) Earns “Outperform” Rating from Robert W. Baird (americanbankingnews.com)
- Tesla Inc (TSLA) Found Not Guilty in Fatal ‘Autopilot’ Crash (investorplace.com)
- Tesla Inc (TSLA) Stock Tacks on Another Bullish Driver: China (investorplace.com)
- Tesla Nears Agreement To Produce Vehicles In China (nasdaq.com)
Shares of Tesla (NASDAQ TSLA) traded up 0.66% during trading on Tuesday, hitting $372.24. The stock had a trading volume of 7,414,483 shares. The stock’s market cap is $61.14 billion. Tesla has a 12-month low of $178.19 and a 12-month high of $384.25. The stock’s 50-day moving average is $333.23 and its 200-day moving average is $273.66.
Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, May 3rd. The electric vehicle producer reported ($1.97) earnings per share for the quarter, missing the consensus estimate of ($0.67) by $1.30. Tesla had a negative return on equity of 17.13% and a negative net margin of 8.46%. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.56 billion. On average, equities research analysts expect that Tesla will post ($5.80) EPS for the current year.
TSLA has been the topic of several recent analyst reports. J P Morgan Chase & Co increased their price target on Tesla from $185.00 to $190.00 and gave the stock an “underweight” rating in a report on Monday, May 8th. Goldman Sachs Group, Inc. (The) set a $190.00 price target on Tesla and gave the stock a “sell” rating in a report on Monday, May 15th. Guggenheim raised their price objective on Tesla from $320.00 to $380.00 and gave the stock a “buy” rating in a report on Monday, May 15th. Morgan Stanley downgraded Tesla from an “overweight” rating to an “equal weight” rating and set a $305.00 price objective on the stock. in a report on Monday, May 15th. Finally, Vetr downgraded Tesla from a “sell” rating to a “strong sell” rating and set a $231.01 price objective on the stock. in a report on Monday, March 27th. Eight equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $288.17.
In other news, Director Kimbal Musk sold 2,500 shares of the stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $286.28, for a total transaction of $715,700.00. Following the completion of the sale, the director now owns 170,546 shares in the company, valued at $48,823,908.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP John Douglas Field sold 500 shares of the stock in a transaction dated Friday, April 7th. The stock was sold at an average price of $301.45, for a total transaction of $150,725.00. The disclosure for this sale can be found here. Insiders have sold 242,791 shares of company stock valued at $74,745,344 in the last quarter. Insiders own 23.10% of the company’s stock.
Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.
Receive News & Ratings for Tesla Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla Inc. and related companies with MarketBeat.com's FREE daily email newsletter.