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Elon Musk thinks it's worth discussing a stock split during the next Shareholder's meeting for Telsa (NASDAQ: TSLA). So far, Tesla has not split its stock since it launched its IPO 10 years ago.
A stock split for TSLA would allow new retail investors into the fold and might be beneficial to the company in the long run. On Tuesday, Tesla stock reached new all-time highs, blitzing past the $1,000 per share price to $1,087 per share. At market close, TSLA's share price was $1,079.81 with a $200 billion market cap. This made the company the world's most valuable carmaker by market cap.
Worth discussing at annual shareholders meeting
— Elon Musk (@elonmusk) July 1, 2020
The Shareholders Meeting was supposed to be held this July, but Musk announced it would be moved to September 15, the same day as Battery Day. With a TSLA stock split up potentially up for discussion and Battery Day revelations, Tesla shareholders will definitely have plenty to talk about in September.
About a year ago, TSLA investor Gali Russell talked about a Tesla stock split and why he would support such a move. He uploaded a comprehensive video on the subject on HyperChange (seen below). Its discussed the two types of stock splits and the reasons TSLA should consider the option.
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This article is for informational purposes only. You should not construe any such information or other material as an investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by Ma. Claribelle Deveza, Tesmanian, or any third party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
Ma. Claribelle Deveza holds zero share of Tesla, Inc., and currently (at the time of this article's publishing) holds zero options or securities in Tesla Inc. and/or its affiliates.
