Tesla (TSLA) Earns Daily Media Sentiment Rating of 0.13
Media headlines about Tesla (NASDAQ:TSLA) have been trending somewhat positive on Thursday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Tesla earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news stories about the electric vehicle producer an impact score of 45.1013854026825 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Trade of the Day: Tesla Inc (TSLA) Stock Is Charging Up (investorplace.com)
- Tesla (TSLA) Stock Pops Again, But Should Investors Hit the Breaks? (investorplace.com)
- Bearish Outlook on Tesla (TSLA) Stock Means Very Little (investorplace.com)
- Its Cars are Electric, But Tesla Inc (TSLA) Stock Is Teflon — Go Long (investorplace.com)
- Tesla Inc. (TSLA) Downgraded to “Sell” at Standpoint Research (americanbankingnews.com)
Several research analysts recently commented on the stock. Berenberg Bank raised shares of Tesla from a “hold” rating to a “buy” rating and raised their price objective for the stock from $193.00 to $464.00 in a report on Tuesday, June 13th. Robert W. Baird reaffirmed an “outperform” rating and issued a $368.00 price objective on shares of Tesla in a report on Tuesday, June 20th. Argus raised shares of Tesla from a “hold” rating to a “buy” rating and raised their price objective for the stock from $355.17 to $444.00 in a report on Tuesday, August 8th. Vetr downgraded shares of Tesla from a “strong-buy” rating to a “buy” rating and set a $358.85 price objective for the company. in a report on Tuesday, July 11th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and issued a $180.00 price objective (down from $190.00) on shares of Tesla in a report on Monday, July 31st. Ten analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have issued a buy rating to the stock. Tesla presently has an average rating of “Hold” and a consensus target price of $324.87.
Tesla (NASDAQ:TSLA) traded up 0.09% during midday trading on Thursday, reaching $355.33. 4,171,675 shares of the company traded hands. The stock’s market capitalization is $59.30 billion. Tesla has a one year low of $178.19 and a one year high of $389.61. The company has a 50 day moving average price of $354.05 and a 200-day moving average price of $333.37.
Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.00) by $0.67. Tesla had a negative net margin of 7.61% and a negative return on equity of 16.36%. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the prior year, the business earned ($1.06) EPS. The firm’s quarterly revenue was up 119.6% on a year-over-year basis. Analysts forecast that Tesla will post ($6.28) EPS for the current fiscal year.
In other Tesla news, Director Kimbal Musk sold 2,190 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $321.36, for a total transaction of $703,778.40. Following the transaction, the director now directly owns 160,274 shares in the company, valued at approximately $51,505,652.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen T. Jurvetson sold 44,777 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $340.36, for a total transaction of $15,240,299.72. Following the transaction, the director now owns 36,111 shares in the company, valued at $12,290,739.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,446 shares of company stock worth $17,504,929. 23.10% of the stock is owned by company insiders.
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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.
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