Photo by Dmitry Novikov
Tesla has announced its intention to split its stock to attract new investors. The transportation and energy company said on March 28 that the stock split is subject to shareholder approval at its upcoming 2022 Annual Stockholders Meeting, often held in June every year.
Tesla did not detail the nature of the stock split, while Tesla’s last stock split on August 31, 2020 was 5-for-1. Shortly after the split announcement in 2020, the stock price shot from $1,300 to over $2,200 per share. Tesla stock currently trades around $1,026 per share.
