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

Media stories about Tesla (NASDAQ:TSLA) have trended somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tesla earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave press coverage about the electric vehicle producer an impact score of 45.2684059130188 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

Shares of Tesla (NASDAQ:TSLA) opened at 351.09 on Monday. The stock’s market cap is $58.59 billion. The stock has a 50 day moving average price of $354.97 and a 200 day moving average price of $325.99. Tesla has a 12 month low of $178.19 and a 12 month high of $389.61.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.00) by $0.67. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.50 billion. Tesla had a negative net margin of 7.61% and a negative return on equity of 16.36%. The business’s quarterly revenue was up 119.6% on a year-over-year basis. During the same period in the prior year, the business posted ($1.06) earnings per share. Equities analysts anticipate that Tesla will post ($6.29) EPS for the current fiscal year.

TSLA has been the subject of several recent analyst reports. Vetr raised Tesla from a “buy” rating to a “strong-buy” rating and set a $374.78 price target for the company in a report on Thursday, July 27th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and issued a $180.00 price target (down from $190.00) on shares of Tesla in a report on Monday, July 31st. Sanford C. Bernstein set a $265.00 price target on Tesla and gave the company a “neutral” rating in a report on Thursday, July 27th. Robert W. Baird reissued an “outperform” rating and issued a $368.00 price target on shares of Tesla in a report on Thursday, August 3rd. Finally, Guggenheim reissued a “buy” rating and issued a $430.00 price target (up from $380.00) on shares of Tesla in a report on Wednesday, July 5th. Nine analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have assigned a buy rating to the company. Tesla currently has a consensus rating of “Hold” and a consensus price target of $314.30.

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In other news, Director Kimbal Musk sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $321.36, for a total value of $703,778.40. Following the sale, the director now directly owns 160,274 shares of the company’s stock, valued at $51,505,652.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Eric Branderiz sold 99 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $350.12, for a total value of $34,661.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,946 shares of company stock worth $18,481,047. 23.10% of the stock is currently owned by company insiders.

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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