Tesla (TSLA) Earns Coverage Optimism Score of 1.36

Media coverage about Tesla (NASDAQ:TSLA) has been trending somewhat positive recently, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public 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 1.36 on their scale. InfoTrie also gave news headlines about the electric vehicle producer an news buzz score of 4 out of 10, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news headlines that may have effected Tesla’s score:

TSLA has been the subject of several analyst reports. Piper Jaffray Companies reissued an “overweight” rating and issued a $396.00 target price on shares of Tesla in a research note on Thursday, October 25th. Goldman Sachs Group reissued a “sell” rating and issued a $225.00 target price on shares of Tesla in a research note on Thursday, October 25th. Royal Bank of Canada reissued a “neutral” rating and issued a $325.00 target price on shares of Tesla in a research note on Thursday, October 25th. FIX reissued a “positive” rating and issued a $418.00 target price on shares of Tesla in a research note on Thursday, October 25th. Finally, Wolfe Research raised shares of Tesla from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 25th. Fourteen investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Tesla has a consensus rating of “Hold” and an average price target of $328.46.

Shares of NASDAQ:TSLA opened at $291.23 on Friday. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.81 and a quick ratio of 0.47. Tesla has a 1 year low of $244.59 and a 1 year high of $387.46. The stock has a market cap of $52.49 billion, a PE ratio of -50.91, a PEG ratio of 4.61 and a beta of 0.56.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, January 30th. The electric vehicle producer reported $1.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.93. Tesla had a negative return on equity of 19.08% and a negative net margin of 4.55%. The business had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.09 billion. During the same quarter in the previous year, the business earned ($3.04) EPS. The company’s revenue for the quarter was up 119.8% on a year-over-year basis. As a group, sell-side analysts forecast that Tesla will post 1.89 EPS for the current year.

In other news, insider Jerome M. Guillen sold 1,000 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $360.28, for a total transaction of $360,280.00. Following the completion of the sale, the insider now owns 8,598 shares in the company, valued at approximately $3,097,687.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Linda Johnson Rice sold 1,700 shares of the business’s stock in a transaction dated Monday, January 7th. The stock was sold at an average price of $321.60, for a total value of $546,720.00. Following the sale, the director now owns 1,700 shares of the company’s stock, valued at approximately $546,720. The disclosure for this sale can be found here. Insiders have sold a total of 93,350 shares of company stock valued at $29,879,096 in the last quarter. Company insiders own 22.80% of the company’s stock.

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Tesla Company Profile

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, 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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