Tesla (TSLA) Getting Neutral News Coverage, Study Shows

Media headlines about Tesla (NASDAQ:TSLA) have been trending neutral recently, InfoTrie Sentiment reports. The research group identifies negative and positive news coverage by reviewing more than 6,000 blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Tesla earned a coverage optimism score of 0.04 on their scale. InfoTrie also assigned news articles about the electric vehicle producer an news buzz score of 3 out of 10, indicating that recent news coverage is unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news stories that may have effected Tesla’s score:

TSLA has been the subject of several recent analyst reports. Jefferies Financial Group raised shares of Tesla from a “hold” rating to a “buy” rating and upped their price objective for the stock from $360.00 to $450.00 in a research report on Friday, December 7th. BidaskClub raised shares of Tesla from a “hold” rating to a “buy” rating in a report on Friday, December 7th. ValuEngine cut shares of Tesla from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 19th. JMP Securities set a $408.00 target price on shares of Tesla and gave the stock a “buy” rating in a report on Tuesday, January 22nd. Finally, Canaccord Genuity raised shares of Tesla from a “hold” rating to a “buy” rating and increased their target price for the stock from $330.00 to $450.00 in a report on Monday, February 11th. Fifteen analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the company. Tesla presently has a consensus rating of “Hold” and an average price target of $327.95.

NASDAQ:TSLA opened at $289.96 on Friday. The company has a market cap of $48.94 billion, a price-to-earnings ratio of -50.69, a PEG ratio of 4.95 and a beta of 0.37. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.83 and a quick ratio of 0.52. Tesla has a fifty-two week low of $244.59 and a fifty-two week high of $387.46.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, January 30th. The electric vehicle producer reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.93. The business had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.09 billion. Tesla had a negative net margin of 4.55% and a negative return on equity of 18.50%. The company’s revenue for the quarter was up 119.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($3.04) EPS. On average, sell-side analysts expect that Tesla will post 1.64 EPS for the current year.

In other news, insider Jeffrey B. Straubel sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, December 28th. The shares were sold at an average price of $325.64, for a total transaction of $4,884,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Antonio J. Gracias sold 16,780 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $285.46, for a total transaction of $4,790,018.80. Following the sale, the director now directly owns 16,792 shares of the company’s stock, valued at approximately $4,793,444.32. The disclosure for this sale can be found here. Insiders have sold a total of 124,130 shares of company stock valued at $39,063,084 in the last three months. Insiders own 22.80% of the company’s stock.

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About Tesla

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, 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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