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Tesla To Get Shareholders’ Nod For Share Split: 5 Points


In August 2020, Tesla last divided its shares in a ratio of 5 to 1.

New Delhi:
U.S. electric carmaker Tesla Inc. is considering a stock split option and will seek shareholder approval to increase its share count. If the process goes smoothly, then it will be the company’s second share split. Following the announcement, the carmaker’s shares rose 8.03 percent to $ 1,091.84 on Monday, adding more than $ 100 billion to its market value.

Here’s Your 5 Things Scam Sheet For This Story:

  1. In August 2020, Tesla last divided its shares in a ratio of 5 to 1.

  2. Tesla stock started its career at $ 17 per share in 2010. Following the 2020 5-to-1 stock split, it is now trading above $ 1,000, equivalent to over $ 5,000 on a pre-share split basis.

  3. Why Do Companies Divide Their Shares? They usually split their shares to make their share price look cheaper and attract more investors.

  4. Tesla’s market capitalization is above the $ 1 trillion level, making it the largest U.S. automaker in terms of market valuation.

  5. Over the past two years, Apple, Nvidia and Tesla have split their shares. Recently, Amazon and parent Google Alphabet have also announced upcoming stock splits.

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