Somewhat Critical Media Coverage Somewhat Unlikely to Impact Tesla (TSLA) Stock Price

Media headlines about Tesla (NASDAQ:TSLA) have trended somewhat negative on Sunday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tesla earned a news impact score of -0.02 on Accern’s scale. Accern also gave news headlines about the electric vehicle producer an impact score of 45.9784943310306 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:

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Tesla stock traded down $7.56 during trading hours on Friday, hitting $301.54. The stock had a trading volume of 6,600,538 shares, compared to its average volume of 5,660,768. The firm has a market cap of $50,936.14, a PE ratio of -25.58 and a beta of 1.01. Tesla has a twelve month low of $255.01 and a twelve month high of $389.61. The company has a current ratio of 0.86, a quick ratio of 0.56 and a debt-to-equity ratio of 1.80.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.12) by $0.08. The business had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.26 billion. Tesla had a negative return on equity of 33.08% and a negative net margin of 16.68%. The business’s quarterly revenue was up 43.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.69) EPS. research analysts forecast that Tesla will post -15.15 EPS for the current fiscal year.

TSLA has been the subject of a number of research reports. Vetr raised Tesla from a “strong sell” rating to a “sell” rating and set a $296.44 price objective for the company in a research note on Tuesday, November 28th. Global Equities Research reaffirmed a “buy” rating and issued a $485.00 price objective on shares of Tesla in a research note on Wednesday, November 29th. Cascend Securities cut Tesla from a “hold” rating to a “sell” rating and set a $250.00 price objective for the company. in a research note on Tuesday, December 5th. Cann cut Tesla from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. Finally, ValuEngine raised Tesla from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Thirteen equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $322.64.

In other news, VP John Douglas Field sold 1,000 shares of the company’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $334.87, for a total transaction of $334,870.00. Following the completion of the transaction, the vice president now directly owns 20,128 shares of the company’s stock, valued at approximately $6,740,263.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Eric Branderiz sold 801 shares of the company’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $354.58, for a total value of $284,018.58. Following the transaction, the vice president now directly owns 1,287 shares of the company’s stock, valued at $456,344.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,719 shares of company stock valued at $2,827,816. Insiders own 23.10% of the company’s stock.

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About Tesla

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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