Tesla SVP Zhu Xiaotong sells $4.86 million in stock

In a recent transaction, Zhu Xiaotong, Senior Vice President of Tesla, Inc. (NASDAQ:TSLA) for the Asia-Pacific region, sold 15,000 shares of the company’s common stock. The shares were sold at an average price of $323.807 each, totaling approximately $4.86 million. The transaction comes as Tesla, now valued at over $1 trillion, has seen its stock surge 75% over the past year despite recent volatility. According to InvestingPro analysis, the stock is currently trading above its Fair Value.

This transaction was part of a series of moves by Zhu on June 12, 2025. On the same day, Zhu exercised options to acquire 15,000 shares of Tesla’s common stock at an exercise price of $20.57 per share. The total value of these acquired shares was approximately $308,550. InvestingPro subscribers can access 20 key insights about Tesla’s valuation and financial health, along with comprehensive research reports.

Following these transactions, Zhu’s direct ownership of Tesla shares stands at 67,599.75 shares. The sale and acquisition of shares were part of Zhu’s ongoing management of his holdings in the company, which has seen a significant 31% decline in share price over the past six months.

In other recent news, Tesla’s financial and operational updates have attracted significant attention. Cantor Fitzgerald reiterated an Overweight rating on Tesla, maintaining a price target of $355.00, as the company continues to test its self-driving Model Y vehicles in Austin, Texas, ahead of a planned robotaxi launch. The U.S. government is reportedly easing regulations that previously hindered the deployment of self-driving vehicles, potentially benefiting Tesla’s robotaxi ambitions. The National Highway Traffic Safety Administration plans to streamline the exemption process for such vehicles, which could expedite Tesla’s plans for a fleet of self-driving "Cybercabs."

Meanwhile, JPMorgan upgraded Ningbo Tuopu Group, a key Tesla supplier, from Neutral to Overweight, citing a recovery in Tesla’s sales volume and upcoming Tesla events like the Robotaxi and Optimus launches. However, Tesla faced setbacks as Swedish pension fund AP7 divested from the company over alleged violations of union rights in the U.S. The fund’s decision resulted in Tesla being blacklisted from its investment portfolio.

Additionally, Tesla was part of the broader market trend where major tech stocks, including those in the Magnificent Seven group, saw declines as investors moved toward safer assets amid geopolitical tensions. Despite these mixed developments, Tesla’s future prospects continue to draw investor interest and analyst attention.

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