Synovus Financial Corp Sells 2,149 Shares of Tesla, Inc. $TSLA
- by lulegacy
- Feb 19, 2026
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Key Points
Synovus Financial Corp trimmed its stake in Tesla by 7.6% in Q3, selling 2,149 shares and ending the quarter with 26,280 shares valued at $11.687 million.
Significant insider selling occurred recently: Director James R. Murdoch sold 60,000 shares (~$26.7M) and CFO Vaibhav Taneja sold 2,637 shares, with insiders offloading 119,457 shares (~$53.5M) in the last quarter and now owning 19.90% of the stock.
Tesla won an FCC waiver for UWB wireless charging and has begun first Cybercab production with a stated sub‑$30k consumer price target by 2027, but safety/robotaxi incidents and mixed analyst sentiment leave the outlook and high valuation fragile — MarketBeat shows a consensus "Hold" and $408.09 price target. Tesla P/E Hits 400: 2 Reasons It's Still a Buy, 1 to Avoid
In other news, Director James R. Murdoch sold 60,000 shares of the business's stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the completion of the transaction, the director owned 577,031 shares of the company's stock, valued at approximately $257,009,607.40. The trade was a 9.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 2,637 shares of the firm's stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $443.93, for a total value of $1,170,643.41. Following the completion of the sale, the chief financial officer directly owned 13,757 shares in the company, valued at $6,107,145.01. This trade represents a 16.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 119,457 shares of company stock worth $53,501,145. Insiders own 19.90% of the company's stock.
Tesla Stock Up 0.2%
TSLA stock opened at $411.46 on Thursday. Tesla, Inc. has a 52 week low of $214.25 and a 52 week high of $498.83. The business has a 50-day simple moving average of $442.29 and a 200 day simple moving average of $416.85. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08. The company has a market cap of $1.54 trillion, a PE ratio of 380.99, a price-to-earnings-growth ratio of 14.45 and a beta of 1.86.
Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.45 by $0.05. The company had revenue of $24.90 billion during the quarter, compared to analysts' expectations of $24.75 billion. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The business's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.73 EPS. Sell-side analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.
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