Looks like another #stocksplit could be on the way for $TSLA ! You remember they did a 5-for-1 in August 2020. Which took their share price down to roughly $600/pps. And we can see where it is today. This news made their shares uptick — not shocked.
Their reason for the potential stock split to to not only get more investors (cash — which is the prime reason for them, no $AMZN .. Corny investing joke), but to start paying dividend. They know that dividends are important to some investors. Heck, Capital gains are to me — but this couldn’t hurt. If you’ve been following $TSLA, you know they have a lot of projects and upgrades to their infrastructure so this split might be what helps fund it. Unsure.
Want to learn more about stock splits and take a look at what happen at their last stock split — https://bit.ly/2ZmI5vW. I talked about their August 2020 split here + plus other splits. With a split your volume of shares increase, but your value of shares (what the price per share was at split) stays the same. You can still grab shares after the split. Plus fractional shares, count. They are calculated by their system into what they will be after the split occurs. There’s no wrong way to align this, if you do.
Not sure of what increments they are aiming for with this them. Again, contingent upon shareholder vote.
But here’s what being reported — https://www.cnbc.com/amp/2022/03/28/tesla-wants-to-split-its-stock-so-it-can-pay-a-stock-dividend-shares-gain.html
#stocksplit #stockmarketnews #stocks #longterm #bigexpectations
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