Tesla Plans For Another Stock Split

Tesla (NASDAQ: TSLA) is evidently looking to lower its trading price yet again after the wild price appreciation it has seen over the last two years. The move follows a similar action conducted by the company in 2020.

A filing made by the company this morning with the SEC indicated that the company is looking for shareholder approval at its oncoming Annual Meeting to increase the number of authorized shares of the company’s common stock. The request is apparently being made to enable a stock split, which is to come in the form of a stock dividend.

Further details on the proposed stock split were not provided, with the company simply stating that it will be contingent on final board approval.

Previously, the company announced a 5 for 1 stock split in August 2020, which was completed in that same month. The value of the company rose roughly 80% between the announcement and the implementation of the split – because evidently the split marked a fundamental improvement in the firms operations somehow.

Tesla last traded at $1,010.64 on the Nasdaq, and is currently up 6.15% in pre-market trading on the news.


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Is Gold’s Bull Market About to Hit Junior Stocks? | Ken Armstrong – Westhaven Gold

Surge Battery Metals: The Nevada North Lithium PEA

Silver @ $36 & We’re Still 200M Oz Short | Paul Andre Huet – Americas Gold and Silver

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Tesla’s Shanghai Factory Reported To Be “Giga-Sweatshop” And Quality Control Nightmare

It appears that the relationship between China and Tesla continues to sour, after a recent...

Tuesday, December 29, 2020, 04:13:51 PM

Is Elon Musk Going to Sell More Tesla Stock to Keep X Afloat?

Financial troubles at Elon Musk’s social media platform X, formerly known as Twitter, could have...

Monday, August 19, 2024, 02:58:00 PM

Tesla Reportedly Sees 100,000 Vehicle Order From Hertz Global

Tesla Inc (NASDAQ: TSLA) is moving rather significantly in pre-market trading, jumping 4.40% to $949.68....

Monday, October 25, 2021, 08:17:54 AM

SEC: Elon Musk’s Tweets About Tesla May Still Be Legitimately Investigated

While he challenged Russian President Vladimir Putin to a fight on Twitter, Tesla (Nasdaq: TSLA)...

Wednesday, March 23, 2022, 09:56:00 AM

Love ChatGPT? Buy Tesla Says Cathie Wood – Sees Stock Climbing To $1,500 In The Next 5 Years

Ark Invest chief Cathie Wood is putting a lot more faith in Tesla (Nasdaq: TSLA)...

Monday, February 13, 2023, 02:22:00 PM