Tesla Inc. (NASDAQ: TSLA) board member Kimbal Musk has offloaded 74,077 shares of Tesla stock, totaling approximately $27.6 million, according to a recent SEC filing. The sale, executed on February 6, 2025, occurred at an average price between $367.87 and $368.43 per share.

Key Details of the Stock Sale

🔴 Shares Sold: 74,077
🔴 Total Value: ~$27.6 million
🔴 Price Range: $367.87 - $368.43
🔴 Remaining Holdings: 1,463,220 TSLA shares

Tesla's stock currently trades at $350.73, highlighting the company's ongoing volatility. InvestingPro analysts note that Tesla continues to trade at premium valuation multiples compared to industry peers.

Tesla's China Sales Drop & US Price Hike

🔸 China EV Sales Decline: Tesla's China-made vehicle sales fell 11.5% YoY in January to 63,238 units, according to the China Passenger Car Association.
🔸 US Model X Price Hike: Tesla raised prices for its Model X AWD from $79,990 to $84,990, reflecting a broader pricing strategy shift.

Tesla currently boasts a market capitalization of $1.13 trillion but holds an InvestingPro Financial Health score of "FAIR."

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