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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 giant, according to a filing with the Securities and Exchange Commission dated May 27, 2025. Musk sold a total of 82,590 shares of Tesla common stock, with sales prices ranging from $347.879 to $363.112 per share. The total value of these transactions amounted to approximately $32.7 million. Tesla, currently trading at $358.42 with a market capitalization of $1.15 trillion, has shown strong momentum with a 103% return over the past year. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.
In addition to these sales, Musk exercised options to acquire 91,588 shares at a price of $24.73 each, a transaction valued at about $2.26 million. This exercise and subsequent sale were part of a pre-established Rule 10b5-1 trading plan, which was set up for the orderly liquidation of options expiring in 2025.
Following these transactions, Musk holds 1,463,220 shares of Tesla common stock in direct ownership.
In other recent news, Tesla has announced that it will begin deliveries of its first self-driving Model Y cars in June, a month earlier than originally planned. CEO Elon Musk confirmed that testing of these vehicles, conducted on public streets in Austin, has been incident-free. This marks a significant step in Tesla’s push towards autonomous vehicle technology. Meanwhile, TD Cowen has maintained its Buy rating on Tesla, with a price target of $330, citing the company’s advancements in autonomous vehicle features as a potential disruptor in the market. Cantor Fitzgerald also reiterated an Overweight rating, setting a $355 price target, and highlighted Tesla’s plans to deploy fully autonomous robotaxis in Austin by the end of June. Additionally, longtime Tesla bull Gary Black has sold his remaining shares, expressing concerns over valuation and earnings estimates, which have dropped by 40% year-to-date. Despite this, Black maintains a 6-12 month price target of $310 for Tesla, based on future volume and earnings projections.
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