Tesla (TSLA) Earning Positive News Coverage, Report Finds

News headlines about Tesla (NASDAQ:TSLA) have been trending positive on Saturday, Accern Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. 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 0.27 on Accern’s scale. Accern also gave news coverage about the electric vehicle producer an impact score of 44.1330549287485 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news articles that may have effected Accern’s analysis:

A number of equities research analysts recently weighed in on TSLA shares. Sanford C. Bernstein set a $265.00 target price on Tesla and gave the stock a “neutral” rating in a research report on Wednesday, September 20th. Cascend Securities downgraded Tesla from a “hold” rating to a “sell” rating and set a $250.00 target price on the stock. in a research report on Tuesday, December 5th. Evercore ISI decreased their target price on Tesla from $330.00 to $312.00 and set an “outperform” rating on the stock in a research report on Sunday, October 29th. Vetr raised Tesla from a “strong sell” rating to a “sell” rating and set a $293.06 target price on the stock in a research report on Wednesday, December 20th. Finally, Citigroup reissued a “hold” rating and set a $367.00 target price on shares of Tesla in a research report on Wednesday, November 15th. Twelve equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $329.45.

Tesla (NASDAQ TSLA) traded down $4.01 during midday trading on Friday, reaching $311.35. The company’s stock had a trading volume of 3,767,656 shares, compared to its average volume of 5,930,000. The company has a quick ratio of 0.71, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $52,330.00, a P/E ratio of -36.37 and a beta of 0.95. Tesla has a 12 month low of $210.96 and a 12 month high of $389.61.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share for the quarter, beating analysts’ consensus estimates of ($3.09) by $0.17. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. 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 business earned $0.71 earnings per share. The company’s quarterly revenue was up 29.9% on a year-over-year basis. equities analysts expect that Tesla will post -11.38 EPS for the current year.

In other news, VP John Douglas Field sold 600 shares of Tesla stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $301.60, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kimbal Musk sold 2,190 shares of Tesla stock in a transaction that occurred on Monday, October 2nd. The shares were 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. Insiders sold 12,817 shares of company stock valued at $4,171,699 in the last quarter. 23.10% of the stock is currently owned by corporate 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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