The proposal has been approved by its board of directors and the shareholders will vote on it at the annual meeting. The split, if approved, will be the last after a five-on-one split in August 2020 that made Tesla shares cheaper for its employees and investors. Sign up now for FREE unlimited access to Reuters.com Register Tesla shares soar after stock split in 2020 Tesla shares soar after stock split in 2020 “This (stock split) could further fuel the bubble in Tesla stock that has been building up over the past two years,” said David Trainer, CEO of research firm New Constructs. Tesla delivers nearly one million electric cars a year, boosting production by setting up new plants in Austin and Berlin amid growing competition from old carmakers and startups. “We believe Berlin is on the rise, and with both MiniCar and India on the horizon, we would agree with the timetable,” said Roth Capital analyst Craig Irwin, noting that companies usually split stocks when there is good news. . Tesla, meanwhile, warned suppliers and employees on Monday that its Shanghai plant in China would be closed for four days as the financial hub said it would lock in two stages to conduct massive COVID-19 tests. read more Sign up now for FREE unlimited access to Reuters.com Register Report by Nivedita Balu and Akash Sriram in Bengaluru. Edited by: Maju Samuel and Arun Koyyur Our role models: The Thomson Reuters Trust Principles.
