Tesla Shares Jumped over 5% after Stock Splitting News

Tiger Newspress2022-03-28

Tesla stock jumped over 5% in premarket trading.

Tesla will ask shareholders to vote at this year’s annual meeting to authorize additional shares in order to enable a stock split.

The Securities and Exchange Commission filing said the electric car maker will ask at its annual shareholders meeting “for an increase in the number of authorized shares of common stock ... in order to enable a stock split of the Company’s common stock in the form of a stock dividend.”

Tesla last split its stock in August 2020. The stock has more than doubled since that 5-for-1 stock split took effect on Aug. 31, 2020.

The news comes as Tesla shares have struggled this year, slipping 4.4% for 2022 through Friday’s close. That said, the stock jumped 49.8% in 2021 and surged 743.4% in 2020. Shares of Tesla have also risen in each of the last five years.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Yek03
2022-03-29
Yek03
Good
MauChin
2022-03-28
MauChin
To the moon!
Khoo12
2022-03-28
Khoo12
[Smile] [Smile]
SEK
2022-03-28
SEK
Options trading on Tesla will be cheaper and easier post stock split
SEK
2022-03-28
SEK
Tesla up up and away.
Kokkeng1119
2022-03-28
Kokkeng1119
[看漲] [美金]

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