Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Tesla (TSLA) Share Price

News stories about Tesla (NASDAQ:TSLA) have been trending somewhat positive on Friday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of 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 0.10 on Accern’s scale. Accern also assigned media coverage about the electric vehicle producer an impact score of 43.9707117583746 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

Tesla (NASDAQ TSLA) traded down $6.46 during mid-day trading on Friday, reaching $325.20. 4,211,556 shares of the company’s stock traded hands, compared to its average volume of 6,367,798. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71. The company has a market capitalization of $55,290.82, a P/E ratio of -37.99 and a beta of 0.95. Tesla has a 12 month low of $207.71 and a 12 month high of $389.61.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.09) by $0.17. The company 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 for the quarter was up 29.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 earnings per share. sell-side analysts expect that Tesla will post -11.38 earnings per share for the current fiscal year.

Several research analysts have weighed in on TSLA shares. Jefferies Group lowered shares of Tesla from an “in-line” rating to an “underperform” rating and dropped their price objective for the company from $312.00 to $240.00 in a research note on Friday, October 27th. Nomura reiterated a “buy” rating and issued a $500.00 price objective on shares of Tesla in a research note on Tuesday, October 31st. Cann lowered shares of Tesla from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. Vetr lowered shares of Tesla from a “sell” rating to a “strong sell” rating and set a $292.39 price objective on the stock. in a research note on Monday, October 23rd. Finally, KeyCorp reiterated a “hold” rating on shares of Tesla in a research note on Friday, November 10th. Thirteen analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $331.43.

In related news, VP Eric Branderiz sold 1,736 shares of the company’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $339.49, for a total transaction of $589,354.64. Following the completion of the sale, the vice president now directly owns 1,736 shares of the company’s stock, valued at approximately $589,354.64. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kimbal Musk sold 2,190 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $341.69, for a total transaction of $748,301.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,817 shares of company stock valued at $4,171,699. 23.10% of the stock is owned by insiders.

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Tesla Company Profile

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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