• 182
  • 38
  • 1

Tesla Shares Gained Another 2% in Premarket Trading

Tiger Newspress2022-03-29

Tesla shares gained another 2% in premarket trading.Tesla shares surged 8% yesterday.

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.

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.

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.

Report

Comment38

  • Coyotero
    ·2022-03-30
    Crazy Valuation 
    Reply
    Report
  • MoneyFace168
    ·2022-03-30
    Oohh.. going back to 1500+?
    Reply
    Report
  • QSL
    ·2022-03-30
    Good
    Reply
    Report
  • miker9110
    ·2022-03-29
    Good Share
    Reply
    Report
  • ShandyTan
    ·2022-03-29
    Split yeah[Cool] 
    Reply
    Report
  • Kindryl
    ·2022-03-29
    I like the idea. Do u?
    Reply
    Report
  • Samuw
    ·2022-03-29
    Great
    Reply
    Report
  • happymoney
    ·2022-03-29
    Moon
    Reply
    Report
  • Zhem
    ·2022-03-29
    Ho
    Reply
    Report
  • Yann Chan
    ·2022-03-29
    Wow
    Reply
    Report
  • MIe
    ·2022-03-29
    Tesla a favourite 
    Reply
    Report
  • Jasminephyo
    ·2022-03-29
    Ok
    Reply
    Report
  • 来人
    ·2022-03-29
    Up up up 
    Reply
    Report
  • szesze23
    ·2022-03-29
    Up and up
    Reply
    Report
  • Ken1911
    ·2022-03-29
    Looking good
    Reply
    Report
  • kennykoh
    ·2022-03-29
    Great go up more and more 🚀🚀🚀
    Reply
    Report
  • SimonGoh
    ·2022-03-29
    ...
    Reply
    Report
  • Placenta
    ·2022-03-29
    Good
    Reply
    Report
  • gachaboi123
    ·2022-03-29
    Hi
    Reply
    Report
  • Patek1975
    ·2022-03-29
    All in tesla with dividend what are you guys waitingfor huat argh 
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial