Tesla has announced that its Board of Directors has moved to execute a 3:1 split for the company’s common stock. The move will make the ownership of TSLA stock more available for both employees and investors alike.

On Friday, Tesla submitted a 14A filing with the SEC that clarified its plans for the 2022 Annual Stockholder’s Meeting, which will take place on August 4. Along with the several agenda items listed in the 14A filing, Tesla described its intentions to split its common stock by a 3:1 ratio, which will triple the number of available shares and split the price by one-third on the day the stock split takes place. This move does not affect the valuation of the company, it simply increases the number of common shares available of a publicly-traded company, while decreasing the price to make shares more affordable for investors.

Tesla said it believes a stock split "would help reset the market price of our common stock so that our employees will have more flexibility in managing their equity, all of which, in our view, may help maximize stockholder value. In addition, as retail investors have expressed a high level of interest in investing in our stock, we believe the Stock Split will also make our common stock more accessible to our retail shareholders."

Source: Re-posted and Summarized from Joey Klender at teslarati.

My Take: I wonder if it will lead to a crazy feeding frenzy like last them the stock split?

Re Posted From: Tesla Declares a 3:1 Stock Split

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Tesla has announced that its Board of Directors has moved to execute a 3:1 split for the company’s common stock. The move will make the ownership of TSLA stock more available for both employees and investors alike.

On Friday, Tesla submitted a 14A filing with the SEC that clarified its plans for the 2022 Annual Stockholder’s Meeting, which will take place on August 4. Along with the several agenda items listed in the 14A filing, Tesla described its intentions to split its common stock by a 3:1 ratio, which will triple the number of available shares and split the price by one-third on the day the stock split takes place. This move does not affect the valuation of the company, it simply increases the number of common shares available of a publicly-traded company, while decreasing the price to make shares more affordable for investors.

Tesla said it believes a stock split "would help reset the market price of our common stock so that our employees will have more flexibility in managing their equity, all of which, in our view, may help maximize stockholder value. In addition, as retail investors have expressed a high level of interest in investing in our stock, we believe the Stock Split will also make our common stock more accessible to our retail shareholders."

Source: Re-posted and Summarized from Joey Klender at teslarati.

My Take: I wonder if it will lead to a crazy feeding frenzy like last them the stock split?

Re Posted From: Tesla Declares a 3:1 Stock Split

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