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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