Will the Promise of a Stock Split at Tesla Turn Investors 'Bullish' on Wall Street, Tesla wlll release an stock split decision?
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“Tesla will ask shareholders to vote at this year’s annual meeting to authorize additional shares in order to enable a stock split,” the Austin-based automaker notedthis week. However, this is certainly a forward-looking statement by Tesla and if the company’s shareholders don’t approve it, the 2022 TSLA stock split will be called off.
Looking back, the pre-split TSLA share price was $2,213.40 when it closed on Friday, August 28th, 2020. After the five-for-one stock split, the price was adjusted to $442.68.Tesla also announced the intent to split the stock this year after final board and stockholder approval in itswith the SEC noting the potential “for an increase in the number of authorized shares of common stock.”
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