Tesla (TSLA) Receiving Somewhat Favorable Press Coverage, Study Shows

Media coverage about Tesla (NASDAQ:TSLA) has been trending somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tesla earned a news impact score of 0.04 on Accern’s scale. Accern also assigned media stories about the electric vehicle producer an impact score of 44.3610617625588 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have effected Accern’s rankings:

Shares of Tesla (NASDAQ TSLA) traded up $5.45 during mid-day trading on Friday, hitting $350.02. 4,871,140 shares of the company were exchanged, compared to its average volume of 5,840,000. The company has a current ratio of 1.09, a quick ratio of 0.71 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $58,830.00, a P/E ratio of -40.89 and a beta of 0.94. Tesla has a 12-month low of $240.75 and a 12-month high of $389.61.

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. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.94 billion. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The company’s revenue was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 earnings per share. equities analysts expect that Tesla will post -11.38 earnings per share for the current fiscal year.

A number of brokerages have issued reports on TSLA. Zacks Investment Research lowered Tesla from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Vetr raised Tesla from a “strong sell” rating to a “sell” rating and set a $320.97 target price on the stock in a research report on Friday, October 13th. Barclays reissued a “sell” rating on shares of Tesla in a research report on Sunday, October 15th. Oppenheimer reaffirmed a “hold” rating on shares of Tesla in a research report on Monday, October 16th. Finally, Guggenheim reaffirmed a “buy” rating and set a $430.00 price objective on shares of Tesla in a research report on Friday, October 6th. Eleven research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the stock. Tesla presently has an average rating of “Hold” and an average target price of $329.48.

In related news, VP John Douglas Field sold 600 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $301.60, for a total transaction of $180,960.00. Following the completion of the transaction, the vice president now owns 21,424 shares in the company, valued at $6,461,478.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Kimbal Musk sold 4,065 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $312.08, for a total transaction of $1,268,605.20. Following the transaction, the director now owns 154,589 shares of the company’s stock, valued at approximately $48,244,135.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,692 shares of company stock valued at $5,026,873. 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.

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

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