Investors in Elon Musk‘s electric vehicle company will get two additional Tesla shares after the market close on Wednesday. And they will begin trading on a split-adjusted basis Thursday.
Tesla shares were up about 1.8% Wednesday morning in anticipation, even though the stock split won’t change anything fundamental about the company’s stock.
Shareholders voted to approve the 3-for-1 Tesla stock split at the company’s annual meeting on Aug. 4 in Austin, Texas.
Theoretically, the split means that more retail investors will be able to afford Tesla stock, but those investors are minuscule compared with institutional investors, and fractional shares were already available to smaller investors.
In a proxy filing earlier this year proposing the new split, Tesla wrote that the move was primarily intended to help the company “offer every employee the option of receiving equity,” and help Tesla “reset the market price” of its common stock to give employees “flexibility in managing their equity.”
Investors will receive an additional two shares of Tesla for each one they already owned as of Aug. 17, 2022.
Tesla’s last stock split, on a 5-for-1 basis, was implemented in August 2020.
ivermectin over counter – cost tegretol 400mg tegretol where to buy
buy azithromycin 500mg without prescription – order nebivolol 20mg pill order nebivolol 20mg without prescription
order omnacortil generic – prometrium usa prometrium 200mg sale
order gabapentin 800mg generic – buy anafranil 50mg online buy sporanox 100mg without prescription
furosemide without prescription – oral nootropil 800mg cheap betamethasone 20gm
purchase augmentin pill – purchase duloxetine online cheap buy duloxetine 40mg pills
order augmentin online – buy nizoral generic generic cymbalta
semaglutide oral – rybelsus 14mg cost cyproheptadine 4 mg pills
order tadalafil 40mg generic – sildenafil 100mg drug buy sildenafil 100mg pills
viagra 100mg drug – sildenafil usa generic cialis 20mg
buy generic cenforce – cenforce 100mg canada order glucophage for sale
buy medrol us – brand lyrica 75mg cheap aristocort
generic clarinex – buy cheap loratadine dapoxetine 90mg uk
buy misoprostol no prescription – orlistat 60mg over the counter buy diltiazem pills
oral motilium – motilium order purchase cyclobenzaprine