YEREVAN (CoinChapter.com) — Tesla (TSLA) stock has dropped near 50% since December, erasing $800 billion in market value. Investors are closely watching the decline, as Tesla struggles with market challenges.
Tesla Executives Sell Shares as Stock Declines Below $240
Elon Musk has urged Tesla employees not to sell their shares, but insider trading data suggests the opposite. Over the past several months, Tesla insiders, including executives and key stakeholders, have been offloading shares despite the company’s declining stock price.
The latest Tesla stock chart shows a sharp drop from December 2024 highs of nearly $450 to $239.13 as of March 2025. This decline has wiped out a significant portion of Tesla’s market value. At the same time, historical insider activity data reveals a pattern of increased selling, particularly in early 2025, as Tesla’s stock continued its downward trend.
Musk’s public statements urging employees to hold their shares contrast with the reality of internal transactions. A recent Consensus Media report highlighted a wave of insider sales, marking one of the most active selling periods in Tesla’s recent history. The combination of executives selling shares and Musk’s call for employee confidence has sparked concerns about the company’s future.
With Tesla’s 52-week low now at $138.80, analysts are watching insider transactions closely. The ongoing sell-offs by Tesla executives suggest some internal skepticism about the company’s short-term recovery. If the trend continues, TSLA stock stability could remain at risk, adding to investor uncertainty.
Tesla’s 52-week high was $488.54, but shares are now far below that level. The 52-week low stands at $138.80, reflecting increased volatility in the stock.
Dogecoin’s Bearish Setup Deepens as Correlation with Tesla Strengthens
Dogecoin’s 52-week correlation with Tesla has reached its highest level, increasing concerns about its price movements. The DOGE/TSLA connection has made the cryptocurrency more vulnerable to Tesla’s stock fluctuations, exposing it to broader market pressures.
The Dogecoin chart reflects a bear flag formation, a pattern traders often view as a sign of continued price weakness. DOGE is trading at $0.16606, showing a 1.94% daily drop, with sellers dominating the market.
The 200-day moving average at $0.22170 remains far above the current price, indicating long-term resistance. Dogecoin has been unable to break back above key levels, and recent price action suggests increased downside risk.
Trading volume has also been notable, with 58.1 million DOGE traded, signaling active market participation. However, buying pressure remains weak, and the Relative Strength Index (RSI) sits at 38.07, nearing oversold territory. The RSI’s downward trend suggests that momentum remains bearish, with limited signs of immediate recovery.
Musk’s Silence on Dogecoin Raises Uncertainty
Elon Musk’s influence on Dogecoin trading and price movements has been significant in the past. However, Musk has not tweeted about DOGE for weeks, leaving the market without speculative catalysts.
In previous months, Musk’s posts have frequently impacted Dogecoin’s price, driving sharp moves based on speculation. The absence of his engagement has reduced volatility but also left traders uncertain about Dogecoin’s short-term direction.
If Tesla’s stock continues to decline, Dogecoin’s high correlation with TSLA could add more pressure to its price action.
Dan Ives Raises Tesla Price Target to $550, Citing Autonomous Growth
Dan Ives of Wedbush Securities has increased his Tesla (TSLA) price target to $550, up from $515, citing advancements in autonomous driving and robotics. He remains confident in Tesla’s long-term potential, despite the stock’s recent decline.
Ives has expressed growing confidence in Tesla’s demand story for 2025, particularly in the autonomous vehicle sector. He believes that Tesla’s expansion in self-driving technology will accelerate, especially with policy support under the Trump administration. His analysis is based on recent discussions in Washington, D.C., where sources indicate that regulatory backing for autonomous vehicles could strengthen.
The analyst also maintains a bullish case of $650 for Tesla’s stock, with the core Chinese market expected to drive strong demand in 2025. According to Ives, China remains a key part of Tesla’s strategy, contributing significantly to revenue growth.
Ives has also projected that Tesla’s market cap could reach $2 trillion by the end of 2025, assuming continued growth in autonomous driving and AI. He sees Tesla’s ability to scale its self-driving fleet as a critical factor in achieving this valuation.
In addition to Tesla’s vehicle business, Ives points out that Optimus, Tesla’s humanoid robot, remains an undervalued asset. His $550 price target does not yet factor in potential gains from Optimus, which he suggests could become a major future catalyst for Tesla’s stock.
Musk’s Political Involvement Raises Concerns Among Tesla Investors
Additionally, Christopher Tsai, president of Tsai Capital, has voiced similar sentiments. Tsai hopes that Musk’s role in the Department of Government Efficiency (DOGE) is temporary, allowing him to refocus on Tesla. Tsai’s firm holds a significant stake in Tesla, and he believes that Musk’s political activities have contributed to the company’s recent stock decline.
These investor concerns highlight the potential risks associated with a CEO’s involvement in external political ventures, especially when such activities may distract from the company’s primary business objectives.
The increased Dogecoin correlation with Tesla means that any further Tesla decline could impact Dogecoin trading. The Dogecoin chart pattern suggests price risks remain, with Dogecoin price drop trends aligning with TSLA stock movements.