Tesla (NASDAQ:TSLA) Receiving Somewhat Favorable Press Coverage, Analysis Shows

News headlines about Tesla (NASDAQ:TSLA) have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by monitoring more than 6,000 news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Tesla earned a media sentiment score of 1.72 on their scale. InfoTrie also gave news headlines about the electric vehicle producer an news buzz score of 0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company’s share price in the next several days.

Here are some of the headlines that may have impacted Tesla’s score:

Several analysts have commented on the stock. Royal Bank of Canada boosted their price target on shares of Tesla from $380.00 to $615.00 and gave the stock an “underperform” rating in a research note on Thursday, April 30th. Cowen reissued a “sell” rating and set a $300.00 price objective on shares of Tesla in a research note on Tuesday, June 30th. JPMorgan Chase & Co. reissued a “sell” rating and issued a $295.00 price objective (up from $275.00) on shares of Tesla in a research report on Monday. Piper Sandler upped their target price on Tesla from $819.00 to $939.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Jefferies Financial Group boosted their target price on shares of Tesla from $650.00 to $1,200.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Eleven research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $644.56.

Tesla stock traded down $0.97 during mid-day trading on Friday, hitting $1,393.31. The company’s stock had a trading volume of 1,412,051 shares, compared to its average volume of 12,368,833. The stock has a market capitalization of $258.46 billion, a P/E ratio of -1,565.52 and a beta of 1.19. The stock’s fifty day moving average price is $974.07 and its two-hundred day moving average price is $715.54. Tesla has a twelve month low of $211.00 and a twelve month high of $1,228.00. The company has a quick ratio of 0.87, a current ratio of 1.24 and a debt-to-equity ratio of 1.07.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, April 29th. The electric vehicle producer reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.36) by $1.60. Tesla had a negative net margin of 0.55% and a negative return on equity of 1.86%. The company had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same period last year, the firm earned ($2.90) earnings per share. The firm’s revenue was up 31.8% on a year-over-year basis. Equities analysts expect that Tesla will post -0.56 earnings per share for the current year.

In related news, SVP Andrew D. Baglino sold 300 shares of Tesla stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $991.47, for a total value of $297,441.00. Following the completion of the transaction, the senior vice president now directly owns 4,522 shares in the company, valued at approximately $4,483,427.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jerome M. Guillen sold 3,000 shares of Tesla stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $1,083.50, for a total value of $3,250,500.00. Following the completion of the transaction, the insider now owns 12,752 shares of the company’s stock, valued at $13,816,792. The disclosure for this sale can be found here. Insiders have sold a total of 21,198 shares of company stock worth $18,949,072 over the last quarter. Company insiders own 23.00% of the company’s stock.

About Tesla

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.

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