As Tesla stock has fallen in recent weeks, members of the board and an executive at Elon Musk's company have sold off millions of dollars in stock, according to filings.

Coming into Monday trading, the EV maker's shares have dropped for eight consecutive weeks, losing 41% over that span.

In a new report issued Sunday, Mizuho analysts, led by Vijay Rakesh, revised their Tesla price target downward by $85 to $430, citing deteriorating demand. The firm also cut its 2025 vehicle delivery forecast from 2.3 million to 1.8 million, a 22% reduction that falls below the broader market consensus of 2 million deliveries.

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In the same investor note, JP Morgan slashed its price target for Tesla shares to a mere $120, representing more than a 50% drop from the $249 mark it was trading at last week. Tesla’s market cap has already plummeted roughly 49% since December, free-falling from a peak value of $1.54 trillion to under $800 billion, Business Insider notes.

Tesla shares slid Monday as Mizuho analysts trimmed their price target for the stock, pointing to weakening demand and headwinds from China, amid tariff uncertainty.

Mizuho analyst Vijay Rakesh trimmed his price target on Tesla (TSLA) this morning, asserting that the EV giant is headed for a rough sales patch in 2025. In February, the electric vehicle maker underperformed the broader market in terms of sales across all three of its key markets: China,