This article provides an overview about the announcement late last week in which a Tesla stock split intention was filed with the SEC.
with the Securities and Exchange Commission . In it, the all-electric and renewable energy company revealed that it plans to offer a three-for-one stock split at the August annual meeting. The Tesla stock split will appeal to smaller investors who may have wanted to invest with Tesla but were blocked out by the higher stock price per share.
One of the most important reasons for such a stock split is to positively impact investor psychology. As a share price goes up, it can start to seem unaffordable. A less expensive stock can be perceived as a weaker value — even if the market cap for the company is the same. Small investors hold a mere fraction of Tesla stock shares. Major institutions are the primary shareholders.
The Tesla stock split may enhance the liquidity of the stock for employees, as smaller chunks can be sold off by investors.Shareholders have suggested multiple proposals for review at the annual meeting. These include the request to examine and disclose more information about the company’s anti-harassment and discrimination efforts, lobbying practices, supply chains and labor, and details about its own water use and water-related climate impacts and risks.
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