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Kimbal Musk, a director at Tesla, Inc. (NASDAQ:TSLA), recently sold a significant portion of his holdings in the electric vehicle company. According to a recent SEC filing, Musk sold a total of 74,077 shares of Tesla common stock on February 6, 2025. The shares were sold at a weighted average price, with transactions occurring in a price range between $367.868 and $368.43 per share. The total value of the shares sold amounted to approximately $27.6 million. The sale comes as Tesla's stock, currently trading at $350.73, shows characteristic volatility - a trait identified by InvestingPro analysts, who note the stock is trading at premium multiples across various metrics.
Following these transactions, Musk retains ownership of 1,463,220 shares of Tesla. The sales were executed as part of Musk's direct ownership in the company. With Tesla's market capitalization at $1.13 trillion and an overall Financial Health score of FAIR according to InvestingPro, investors can access detailed valuation metrics and 18 additional key insights through the comprehensive Pro Research Report, available exclusively to subscribers.
In other recent news, Tesla's sales of China-made electric vehicles (EV) dropped by 11.5% to 63,238 units in January, according to the China Passenger Car Association. Concurrently, Tesla has increased the prices of its Model X vehicles in the United States, with the all-wheel drive variant now priced at $84,990, up from $79,990. The US Treasury Department has granted Elon Musk's Department of Government Efficiency (DOGE) 'read-only' access to its coded payment system data, as reported by Bloomberg News.
Meanwhile, Tesla has been overtaken by NIO and Xiaomi (OTC:XIACF) in the annual Software-Defined Vehicle (SDV) ranking by Wards Intelligence, reflecting a shift in the technological innovation landscape. Tesla also experienced a significant sales drop in Germany, registering only 1,277 new cars in January according to the German Federal Motor Transport Authority. These developments are part of the recent news related to Tesla, providing an update on its sales, pricing, and technological advancements.
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