Press coverage about Tesla (NASDAQ:TSLA) has been trending somewhat positive recently, InfoTrie Sentiment reports. The research group ranks the sentiment of news coverage by reviewing more than 6,000 blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Tesla earned a media sentiment score of 1.18 on their scale. InfoTrie also gave media headlines about the electric vehicle producer an news buzz score of 6 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Tesla’s score:
- SEC says it’s ‘stunning’ that Elon Musk never complied with order to get tweets approved (latimes.com)
- Elon Musk never sought approval for a single Tesla tweet, U.S. SEC tells judge (feeds.reuters.com)
- UPDATE 1-Elon Musk never sought approval for a single Tesla tweet, U.S. SEC tells judge (feeds.reuters.com)
- SEC shreds Elon Musk’s contempt defense, says he’s ignoring court order (marketwatch.com)
- Elon Musk tweet about Tesla violates settlement agreement, U.S. regulator tells court (feeds.reuters.com)
A number of analysts have recently commented on the company. Cowen set a $200.00 price target on Tesla and gave the company a “sell” rating in a research note on Friday, January 18th. CIBC reaffirmed an “outperform” rating and issued a $437.00 price target (up from $418.00) on shares of Tesla in a research note on Thursday, January 31st. Bank of America set a $225.00 price target on Tesla and gave the company a “sell” rating in a research note on Friday, January 18th. Goldman Sachs Group reaffirmed a “sell” rating and issued a $210.00 price target on shares of Tesla in a research note on Friday, March 1st. Finally, ValuEngine cut Tesla from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 19th. Fifteen analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Tesla currently has an average rating of “Hold” and an average price target of $327.95.
NASDAQ:TSLA opened at $269.49 on Tuesday. Tesla has a twelve month low of $244.59 and a twelve month high of $387.46. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.83 and a quick ratio of 0.52. The company has a market cap of $48.94 billion, a price-to-earnings ratio of -47.11, a PEG ratio of 4.95 and a beta of 0.37.
Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, January 30th. The electric vehicle producer reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.93. Tesla had a negative return on equity of 18.50% and a negative net margin of 4.55%. The firm had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.09 billion. During the same quarter in the prior year, the firm posted ($3.04) EPS. The business’s revenue was up 119.8% on a year-over-year basis. On average, sell-side analysts forecast that Tesla will post 1.64 earnings per share for the current fiscal year.
In other news, Director Antonio J. Gracias sold 16,780 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $285.46, for a total transaction of $4,790,018.80. Following the sale, the director now owns 16,792 shares in the company, valued at approximately $4,793,444.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffrey B. Straubel sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $325.64, for a total value of $4,884,600.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 124,130 shares of company stock valued at $39,063,084. Insiders own 22.80% of the company’s stock.
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Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.
Further Reading: What is an Initial Public Offering (IPO)?
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