Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With TSLA Stock Today?
Tesla Inc (TSLA) stock has gained 0.08% while the S&P 500 is lower by -0.07% as of 10:37 AM on Wednesday, Sep 8. TSLA has risen $0.58 from the previous closing price of $752.92 on volume of 5,864,435 shares. Over the past year the S&P 500 is higher by 35.56% while TSLA has risen 128.19%. TSLA earned $1.91 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 393.75.
To see InvestorsObserver's Sentiment Score for Tesla Inc click here.
More About Tesla Inc
Founded in 2003 and based in Palo Alto, California, Tesla is a vertically integrated sustainable energy company that also aims to transition the world to electric mobility by making electric vehicles. The company sells solar panels and solar roofs for energy generation plus batteries for stationary storage for residential and commercial properties including utilities. Tesla has multiple vehicles in its fleet, which include luxury and mid-size sedans and crossover SUVs. The company also plans to begin selling more affordable sedans and small SUVs, a light-truck, semi-truck, and a sports car. Global deliveries in 2020 were roughly 500,000 units.
Click Here to get the full Stock Report for Tesla Inc stock.
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