Shares of Tesla have fallen since Trump's inauguration and Musk's efficiency efforts, but EV competition from China is playing a role.

Kimbal Musk last week sold 75,000 Tesla shares, or almost 5% of his stake in his brother's electric vehicle company, filings show.

Tesla shares moved higher in early Thursday trading, but remained mired in a weeks-long slump, as a top Wall Street analysts suggests the recent bearish moves belie what is still a compelling near-term story for the world's biggest EV maker.