Tesla (TSLA) Earning Somewhat Favorable Media Coverage, Analysis Shows

News headlines about Tesla (NASDAQ:TSLA) have been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tesla earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news stories about the electric vehicle producer an impact score of 45.5726224033639 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news stories that may have impacted Accern’s rankings:

Several brokerages have commented on TSLA. Jefferies Group began coverage on shares of Tesla in a report on Tuesday, September 19th. They set an “underperform” rating and a $280.00 target price on the stock. They noted that the move was a valuation call. Robert W. Baird restated an “outperform” rating and set a $411.00 target price on shares of Tesla in a report on Monday, September 18th. Sanford C. Bernstein set a $265.00 target price on shares of Tesla and gave the stock a “neutral” rating in a report on Wednesday, September 20th. Vetr raised shares of Tesla from a “strong sell” rating to a “sell” rating and set a $341.74 price target for the company in a research note on Wednesday, September 20th. Finally, Barclays reaffirmed an “underweight” rating and set a $210.00 price target (up from $165.00) on shares of Tesla in a research note on Wednesday, September 13th. Thirteen equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the stock. Tesla has a consensus rating of “Hold” and an average price target of $331.04.

Tesla (NASDAQ:TSLA) traded down $4.58 during trading hours on Monday, hitting $338.87. 5,441,450 shares of the company traded hands, compared to its average volume of 6,384,685. Tesla has a twelve month low of $199.84 and a twelve month high of $389.61. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.09) by $0.17. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the firm posted $0.71 EPS. The company’s quarterly revenue was up 29.9% on a year-over-year basis. sell-side analysts anticipate that Tesla will post -11.38 EPS for the current year.

In other Tesla news, Director Kimbal Musk sold 2,190 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $341.69, for a total transaction of $748,301.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Eric Branderiz sold 1,736 shares of the firm’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $339.49, for a total value of $589,354.64. Following the sale, the vice president now directly owns 1,736 shares of the company’s stock, valued at approximately $589,354.64. The disclosure for this sale can be found here. Insiders have sold a total of 12,817 shares of company stock valued at $4,171,699 in the last ninety days. Insiders own 23.10% of the company’s stock.

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Tesla Company Profile

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.

Insider Buying and Selling by Quarter for Tesla (NASDAQ:TSLA)

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