Tesla counts three per share hash | companies | Business

Electric Vehicle Manufacturer Tesla Getting ready to divide it
3 shares for every 1a common maneuver among companies whose titles are too expensive for Make it accessible to individual investors.

(We see: Twitter will agree to Musk’s request to remove doubts at work).

The company he manages Elon Musk This plan was revealed in a notification to the stock market regulator ahead of the annual shareholder meeting, scheduled for next August 4.

Tesla It will propose to its shareholders to issue an additional 4,000 million shares, An announcement that made its headlines rise 1% in electronic operations after the Wall Street close, falling this Friday by 3.12%.

Last March, Tesla already announced that it was considering splitting its stock, but did not reveal details about this.

(We see: Musk warning: Those who do not return to work will be fired).

After the strong rise in tech stocks during the pandemic, companies like Alphabet (Google), Amazon and Apple They split their stock, but Tesla — which also rose around the time — hasn’t done so since August 2020, when it converted each of its shares to five to reduce its value.

With this movement, the company’s share price will fall significantly, which is a prior It will make it more attractive to small investors, Although in recent years many platforms already allow you to buy parts of titles, so this movement is no longer so important.

Tesla stock is currently in over 696 dollars A high price, but far from over 1,200 it cost, having fallen more than 40% so far in 2022.

(We see: Musk on Twitter: Are billionaires or politicians less trustworthy?).

Despite this, Musk remains one of the world’s 10 most valuable companies by market capitalization and, by far, the car manufacturer with the highest market capitalization.

EFE