Somewhat Positive Press Coverage Likely to Affect Tesla (TSLA) Stock Price

Media stories about Tesla (NASDAQ:TSLA) have trended somewhat positive on Thursday, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tesla earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave media headlines about the electric vehicle producer an impact score of 75 out of 100, meaning that recent media coverage is likely to have an effect on the stock’s share price in the immediate future.

These are some of the news stories that may have effected Accern Sentiment’s analysis:

Insider Buying and Selling by Quarter for Tesla (NASDAQ:TSLA)

Tesla (NASDAQ TSLA) traded up 1.65% on Thursday, hitting $382.61. 7,523,822 shares of the company traded hands. The stock’s market cap is $62.85 billion. Tesla has a 12 month low of $178.19 and a 12 month high of $385.00. The stock’s 50-day moving average is $334.64 and its 200 day moving average is $275.06.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, May 3rd. The electric vehicle producer reported ($1.97) earnings per share for the quarter, missing the consensus estimate of ($0.67) by $1.30. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Tesla had a negative return on equity of 17.13% and a negative net margin of 8.46%. Equities research analysts expect that Tesla will post ($5.80) earnings per share for the current fiscal year.

A number of brokerages recently commented on TSLA. Pacific Crest reissued an “equal weight” rating on shares of Tesla in a research note on Thursday, March 30th. BidaskClub downgraded Tesla from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Tesla in a research report on Friday, February 24th. Morgan Stanley reaffirmed an “equal weight” rating and set a $305.00 price target on shares of Tesla in a research report on Monday, June 12th. Finally, Global Equities Research reaffirmed a “buy” rating and set a $385.00 price target on shares of Tesla in a research report on Tuesday, June 13th. Eight research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $288.17.

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In other Tesla news, insider Jeffrey B. Straubel sold 109,100 shares of the firm’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $307.81, for a total transaction of $33,582,071.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kimbal Musk sold 2,500 shares of the firm’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $286.28, for a total value of $715,700.00. Following the transaction, the director now directly owns 170,546 shares of the company’s stock, valued at approximately $48,823,908.88. The disclosure for this sale can be found here. Insiders have sold 242,791 shares of company stock valued at $74,745,344 in the last three months. 23.10% of the stock is currently owned by company insiders.

About Tesla

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

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