Tesla (NASDAQ:TSLA) Getting Negative News Coverage, InfoTrie Reports

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News headlines about Tesla (NASDAQ:TSLA) have trended negative on Tuesday, according to InfoTrie Sentiment. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded 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 -2.79 on their scale. InfoTrie also assigned headlines about the electric vehicle producer an news buzz score of 0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the next several days.

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

TSLA stock opened at $334.87 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 1.64. Tesla has a 1 year low of $176.99 and a 1 year high of $379.49. The company has a fifty day simple moving average of $315.74 and a 200 day simple moving average of $248.87. The firm has a market cap of $60.48 billion, a PE ratio of -58.54 and a beta of 0.59.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $2.28. Tesla had a negative net margin of 3.39% and a negative return on equity of 13.42%. The business had revenue of $6.30 billion during the quarter, compared to analyst estimates of $6.48 billion. During the same quarter in the previous year, the business earned $2.90 EPS. Tesla’s quarterly revenue was down 7.6% compared to the same quarter last year. As a group, analysts forecast that Tesla will post -4.85 EPS for the current fiscal year.

TSLA has been the subject of several recent analyst reports. Needham & Company LLC restated an “underperform” rating on shares of Tesla in a research note on Thursday, October 3rd. Argus set a $396.00 target price on Tesla and gave the company a “buy” rating in a research note on Friday, October 25th. BNP Paribas initiated coverage on Tesla in a research note on Wednesday, October 2nd. They set an “outperform” rating for the company. JPMorgan Chase & Co. restated a “sell” rating and set a $220.00 target price on shares of Tesla in a research note on Thursday, October 24th. Finally, TheStreet upgraded Tesla from a “d+” rating to a “c-” rating in a research note on Tuesday, October 29th. Eighteen equities research analysts have rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Tesla has a consensus rating of “Hold” and a consensus target price of $263.13.

In other Tesla news, CFO Zachary Kirkhorn sold 150 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $352.32, for a total transaction of $52,848.00. Following the completion of the transaction, the chief financial officer now owns 9,701 shares of the company’s stock, valued at approximately $3,417,856.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Andrew D. Baglino sold 2,366 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $313.25, for a total transaction of $741,149.50. Following the transaction, the senior vice president now directly owns 3,288 shares of the company’s stock, valued at approximately $1,029,966. The disclosure for this sale can be found here. In the last three months, insiders have sold 94,681 shares of company stock valued at $32,296,835. Company insiders own 24.40% 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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