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Tesla Seeks Investor Approval for Stock Split

Reuters2022-03-28

March 28 (Reuters) - Tesla Inc will seek investor approval to increase its number of shares to enable a stock split in the form of a dividend, the electric-car maker said on Monday, sending its shares up 5% before the bell.

The proposal has been approved by its board and the shareholders will vote on it at the annual meeting. The stock split, if approved, would be the latest after a five-for-one split in August 2020 that made Tesla shares cheaper for its employees and investors.

Following a pandemic-induced rally in the technology shares, Alphabet Inc, Amazon.com Inc and Apple Inc too have in the recent past split their shares to make them more affordable.

Telsa, which debuted at $17 per share in 2010, is currently trading above $1,000. Since the stock split in 2020, they have surged 128%, boosting the market capitalization to above $1 trillion and making the company the biggest U.S. automaker by that measure.

Tesla's electric cars are among the most sold and it has delivered nearly a million cars annually, while ramping up production by setting up new factories in the United States and Europe.

However, the company is also beginning to face competition as legacy automakers such as Ford and startups including Rivian enter the market, giving consumers a number of new options.

Tesla said the stock dividend will be contingent on final approval.

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Comment19

  • Ovaline
    ·2022-03-29
    Pls give us a good bonus.  We have been Loyal to u!  🙏
    Reply
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  • Raymond Lee
    ·2022-03-28
    That mean buy usd 1000 per share but will get 4 share for one share? Correct me if i am right...
    Reply
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  • Ric88
    ·2022-03-28
    Let's gooooo
    Reply
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  • GggSlimeR
    ·2022-03-28
    Good luck all Do not like my comment 
    Reply
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  • mster
    ·2022-03-28
    I remembered vividly there were some Tesla hater stating that Tesla will never see $1k again in 2022 when it was down to $700. I guess they were right then, after split they won't. 😉
    Reply
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  • Bank of Arai
    ·2022-03-28
    Ok
    Reply
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  • RW52
    ·2022-03-28
    Wah... Split again. Whoohoo! 
    Reply
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  • Sirvegas
    ·2022-03-28
    5:1 ?
    Reply
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  • CWen
    ·2022-03-28
    good
    Reply
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  • Jayden_Mok
    ·2022-03-28
    Wow
    Reply
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  • CWen
    ·2022-03-28
    good
    Reply
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  • Yappie830
    ·2022-03-28
    Like and share please 
    Reply
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  • KangRui
    ·2022-03-28
    Chances of split?
    Reply
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  • ahleemama
    ·2022-03-28
    SHORT UNTIL U CRY FOR UR MOTHER🤡
    Reply
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  • TSL8
    ·2022-03-28
    Time for Moon. Buckle up Tesla bull! $TSLA
    Reply
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  • Annalz
    ·2022-03-28
    ask approval sooo cute Tesla
    Reply
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  • Cam20
    ·2022-03-28
    [Grin] [Grin] [Grin] [Grin] [Grin] [Grin] 
    Reply
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  • sh99
    ·2022-03-28
    hm
    Reply
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  • JJQ
    ·2022-03-28
    $Tesla Motors(TSLA)$  🚀💪🌝👍
    Reply
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