Tesla (TSLA) is aiming for another stock split this year pending shareholders’ approval

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Tesla, Inc. (TSLA) has just released an official statement about an upcoming stock split decision later this year. Tesla aims to ask the shareholders at the 2022 Annual Shareholders’ Meeting to vote their opinion about another stock split.

“Tesla will ask shareholders to vote at this year’s annual meeting to authorize additional shares in order to enable a stock split,” the Austin, TX-based automaker issued a statement on Twitter at a very early hour of the morning today.

This is certainly a forward-looking statement by Tesla and if the company shareholders don’t approve it, the 2022 TSLA stock split will be called off.

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Many Tesla investors are looking at this move by the automaker as “bullish”. The first-ever Tesla stock split took place back in 2020. This decision made the TSLA share more affordable but the share price made a jump significantly between the announcement (Aug 11, 2020) and when it took effect on 31st Aug 2020.

The pre-split TSLA share price was $2,213.40 when it closed on Friday 28th Aug 2020. After the Five-for-One stock split, the price was adjusted to $442.68.

Tesla also announced the intent to split the stock this year after the final board and stockholder approval in an 8K filing with the SEC today (pdf below).

On March 28, 2022, Tesla, Inc. (the “Company” or “Tesla”) announced its plan to request stockholder approval at the upcoming 2022 Annual Meeting of Stockholders (the “Annual Meeting”) for an increase in the number of authorized shares of common stock through an amendment to the Company’s Amended and Restated Certificate of Incorporation (the “Amendment”) in order to enable a stock split of the Company’s common stock in the form of a stock dividend. Tesla’s Board of Directors (“Board”) has approved the management proposal, but the stock dividend will be contingent on final Board approval.

The Company’s definitive proxy statement relating to the Annual Meeting will include additional details regarding the Amendment, as well as the record date, date and location of the Annual Meeting.

Tesla (TSLA) 8K filing with the SEC from 28th March 2022

Tesla (TSLA) Stock Split 20… by Iqtidar A

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Wedbush analyst Dan Ives thinks the news of the upcoming Tesla stock split in 2022 is going to be a “massive catalyst” for the stock price in the coming weeks and months.

Tesla shares trading showed a bullish trend after the 2022 stock split and dividend news.

At market close on Monday, TSLA’s share price reached $1,091.84 on NASDAQ — an increase of +81.20 (8.03%) compared to when markets closed on Friday.

For the last two years, the Tesla annual shareholders’ meeting has been getting delayed mainly due to the COVID situation. However, historically, these meetings have been held mostly in the month of June.

Here’s the list of TSLA shareholder meetings since the first one with dates (hat tip: Troy Teslike / Marquezz via Twitter):

There is no hurdle like COVID this year, so the most probable date for the 2022 Tesla Shareholder Meeting is expected to be the first week of June.

Stay tuned for constant Tesla updates, follow us on: 
Google News | Flipboard | RSS (Feedly).

Iqtidar Ali
Iqtidar Alihttp://www.teslaoracle.com
Iqtidar has been writing about Tesla, Elon Musk, and EVs for more than 3 years on XAutoWorld.com, many of his articles have been republished on CleanTechnica and InsideEVs, maintains a healthy relationship with the Tesla community across the Social Media sphere. You can reach him on Twitter @IqtidarAlii

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