When Tesla's stock hit a record high in early December after President Trump's reelection, shares boasted an RSI of 72. The gap between Tesla's current RSI and the level hit at the highs suggests that a lot of bad news on demand has been priced into the stock — and how little in the way of positive news is being factored in.

While Kimball Musk still owns a substantial amount of stock in the company, he sold nearly $30 million last month.