Headlines about Tesla (NASDAQ:TSLA) have trended somewhat positive on Thursday, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Tesla earned a media sentiment score of 0.72 on their scale. InfoTrie also assigned news headlines about the electric vehicle producer an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock’s share price in the next several days.
These are some of the news articles that may have effected Tesla’s score:
- Audi targets Tesla owners in e-tron marketing push, blocks Supercharger in the process – Teslarati (teslarati.com)
- Tesla’s ‘Aggressive Targets’ Will Hurt Profits, Analyst Says – Barron’s (barrons.com)
- Tesla’s ‘Aggressive Targets’ Will Hurt Profits, Analyst Says (finance.yahoo.com)
- Ask Tesla, Apple, Lyft, and More Companies Questions (finance.yahoo.com)
- Tesla Reports Earnings Next Week, but Elon Musk Is Still a Start-Up Founder at Heart – Barron’s (barrons.com)
Shares of Tesla stock traded down $1.32 on Thursday, reaching $253.54. 4,587,936 shares of the stock were exchanged, compared to its average volume of 9,902,843. The firm’s 50 day simple moving average is $219.68. The stock has a market cap of $43.84 billion, a price-to-earnings ratio of -44.33 and a beta of 0.62. Tesla has a one year low of $176.99 and a one year high of $387.46. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.42 and a current ratio of 0.83.
A number of brokerages have issued reports on TSLA. Morgan Stanley raised their price objective on shares of WPP from GBX 1,025 ($13.39) to GBX 1,060 ($13.85) and gave the company an “equal weight” rating in a research note on Wednesday. Barclays upgraded shares of Encompass Health from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $68.00 to $70.00 in a research note on Thursday, May 30th. Wolfe Research lowered shares of Tesla from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $375.00 to $265.00 in a research note on Thursday, May 2nd. BidaskClub lowered shares of Ames National from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Berenberg Bank set a €54.00 ($62.79) price target on shares of 1&1 Drillisch and gave the company a “buy” rating in a research note on Friday, June 14th. Seventeen analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. Tesla currently has a consensus rating of “Hold” and a consensus target price of $281.97.
In related news, insider Jeffrey B. Straubel sold 15,000 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $239.08, for a total transaction of $3,586,200.00. Following the transaction, the insider now directly owns 321,398 shares of the company’s stock, valued at $76,839,833.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Elon Musk bought 102,880 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were bought at an average cost of $243.00 per share, for a total transaction of $24,999,840.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 117,306 shares of company stock valued at $24,678,278. 24.40% of the stock is currently owned by corporate insiders.
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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