Tesla will seek investor approval to increase its number of shares to enable a stock split in the form of a dividend, the electric-car maker said on Monday, sending its shares up 5 per cent before the bell.
The proposal has been approved by its board and the shareholders will vote on it at the annual meeting. The stock split, if approved, would be the latest after a five-for-one split in August 2020.
Telsa, which debuted at $17 per share in 2010, is currently trading above $1,000. Since the stock split in 2020, they have surged 128 per
Disclaimer: No Business Standard Journalist was involved in creation of this content