Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Tesla (TSLA) Stock Price
Media stories about Tesla (NASDAQ:TSLA) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tesla earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned headlines about the electric vehicle producer an impact score of 46.7437689485173 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Tesla Week: Model 3 Ramps, Chevy Bolt Rises (finance.yahoo.com)
- OMG! The Stock Market Is Going to Crash! (finance.yahoo.com)
- Tesla Inc (TSLA) Confirms It’s Making Its Own AI Chip – StockNews.com (blog) (stocknews.com)
- Tesla’s Inconvenient Truths – Seeking Alpha (seekingalpha.com)
- We cover it all: Skew, VIX, TSLA, Bitcoin, Taxes and More (theoptionsinsider.com)
A number of research analysts have recently issued reports on TSLA shares. Jefferies Group started coverage on Tesla in a research note on Tuesday, September 19th. They issued an “underperform” rating and a $280.00 price objective on the stock. They noted that the move was a valuation call. Robert W. Baird reissued an “outperform” rating and issued a $411.00 price objective on shares of Tesla in a research note on Monday, September 18th. Sanford C. Bernstein set a $265.00 price objective on Tesla and gave the company a “neutral” rating in a research note on Wednesday, September 20th. Vetr raised Tesla from a “strong sell” rating to a “sell” rating and set a $341.74 target price for the company in a report on Wednesday, September 20th. Finally, Citigroup increased their target price on Tesla from $357.00 to $371.00 and gave the company a “neutral” rating in a research note on Thursday, August 17th. Twelve investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company’s stock. Tesla has a consensus rating of “Hold” and an average target price of $331.56.
Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) EPS for the quarter, topping analysts’ consensus estimates of ($3.09) by $0.17. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the firm earned $0.71 earnings per share. Tesla’s quarterly revenue was up 29.9% compared to the same quarter last year. equities research analysts expect that Tesla will post -11.38 earnings per share for the current year.
In other Tesla news, VP John Douglas Field sold 600 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $301.60, for a total transaction of $180,960.00. Following the sale, the vice president now directly owns 21,424 shares of the company’s stock, valued at approximately $6,461,478.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Eric Branderiz sold 1,229 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $312.61, for a total transaction of $384,197.69. Following the transaction, the vice president now owns 4,808 shares in the company, valued at $1,503,028.88. The disclosure for this sale can be found here. Insiders have sold a total of 11,417 shares of company stock valued at $3,694,761 in the last 90 days. Insiders own 23.10% of the company’s stock.
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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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