Tesla, just a few years back was a struggling startup on the brink of bankruptcy. However, now the E.V maker is the most valuable automaker in the world and has a market valuation bigger than that of the next 10 largest carmakers combined.

This is a far cry from the Tesla of 2018. Back then, in the midst of the Model 3 ramp and the ensuing challenges, Musk was attempting to sell Tesla to Apple to save the former from bankruptcy.

At the time, Musk reached out to Apple CEO, Tim cook to discuss the possibility of the tech giant acquiring Tesla for $60 billion. That’s one eighteenth its current valuation of $1 trillion. And Apple with over $200 billion sitting in the bank could have easily bought Tesla.

However, lucky for Tesla investors and Elon Musk, Tim Apple refused to even take Elon Musk’s call. And now, in mere 4 years, the discussion has shifted to when Tesla will overtake Apple as the most valuable publicly-traded company in the world.

This is an incredible performance on Tesla’s part. However, as the E.V maker’s shares have kept surging, Tesla’s stock has currently grown to over $1000 per share. This has made purchasing a single Tesla share unachievable for small retail investors.

To mitigate this trend, back in 2020 when Tesla’s stock price ballooned to over $2200 per share the E.V maker instituted a 5 to 1 stock split. This brought Tesla shares to below $500. However, since the stock split, Tesla shares have grown by 100% and at the start of this month, the E.V maker announced it will be doing another stock split.

The stock split is currently scheduled to be voted by Tesla investors at the E.V maker’s upcoming shareholders' meeting which is expected to be held this coming October. Although the vote will ultimately be left to shareholders, Tesla management still did not specify what the ratio for the stock split should be.

Late last night, JP Morgan customers with Tesla shares in their account started to receive a "notification of a corporate action for a security held in [their] J.P Morgan account". The letter read.

"We have received notice that the security listed below, [Tesla] which you currently hold in your J.P Morgan account, will undergo a corporate action. We are providing you with the terms of the corporate action for your reference.

Please note that we are providing this notification to you for informational purposes only. Any proceeds and or shares you may receive as a result of the corporate action will be credited to your account upon receipt."

And finally in the section titled "Terms of corporate action", JP Morgan writes it has "preliminary information [of a] a twenty for one stock split."

Source: Re-posted and Summarized from Tinsae Aregay at torquenews.

My Take: If history repeats itself, it will be a crazy time between the official announcement and the actual split day. Then on split day, even crazier.

Re Posted From: Tesla Is Planning A 20 to 1 Stock Split

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Tesla, just a few years back was a struggling startup on the brink of bankruptcy. However, now the E.V maker is the most valuable automaker in the world and has a market valuation bigger than that of the next 10 largest carmakers combined.

This is a far cry from the Tesla of 2018. Back then, in the midst of the Model 3 ramp and the ensuing challenges, Musk was attempting to sell Tesla to Apple to save the former from bankruptcy.

At the time, Musk reached out to Apple CEO, Tim cook to discuss the possibility of the tech giant acquiring Tesla for $60 billion. That’s one eighteenth its current valuation of $1 trillion. And Apple with over $200 billion sitting in the bank could have easily bought Tesla.

However, lucky for Tesla investors and Elon Musk, Tim Apple refused to even take Elon Musk’s call. And now, in mere 4 years, the discussion has shifted to when Tesla will overtake Apple as the most valuable publicly-traded company in the world.

This is an incredible performance on Tesla’s part. However, as the E.V maker’s shares have kept surging, Tesla’s stock has currently grown to over $1000 per share. This has made purchasing a single Tesla share unachievable for small retail investors.

To mitigate this trend, back in 2020 when Tesla’s stock price ballooned to over $2200 per share the E.V maker instituted a 5 to 1 stock split. This brought Tesla shares to below $500. However, since the stock split, Tesla shares have grown by 100% and at the start of this month, the E.V maker announced it will be doing another stock split.

The stock split is currently scheduled to be voted by Tesla investors at the E.V maker’s upcoming shareholders' meeting which is expected to be held this coming October. Although the vote will ultimately be left to shareholders, Tesla management still did not specify what the ratio for the stock split should be.

Late last night, JP Morgan customers with Tesla shares in their account started to receive a "notification of a corporate action for a security held in [their] J.P Morgan account". The letter read.

"We have received notice that the security listed below, [Tesla] which you currently hold in your J.P Morgan account, will undergo a corporate action. We are providing you with the terms of the corporate action for your reference.

Please note that we are providing this notification to you for informational purposes only. Any proceeds and or shares you may receive as a result of the corporate action will be credited to your account upon receipt."

And finally in the section titled "Terms of corporate action", JP Morgan writes it has "preliminary information [of a] a twenty for one stock split."

Source: Re-posted and Summarized from Tinsae Aregay at torquenews.

My Take: If history repeats itself, it will be a crazy time between the official announcement and the actual split day. Then on split day, even crazier.

Re Posted From: Tesla Is Planning A 20 to 1 Stock Split

Auto Helpers