TSLA

Tesla (TSLA) announced today that it is planning a new stock split, and it is going to put it to a shareholder vote later this year.

It makes the stock more accessible to smaller individual investors. Tesla’s Board of Directors (“Board”) has approved the management proposal, but the stock dividend will be contingent on final Board approval. On March 28, 2022, Tesla, Inc. (the “Company” or “Tesla”) announced its plan to request stockholder approval at the upcoming 2022 Annual Meeting of Stockholders (the “Annual Meeting”) for an increase in the number of authorized shares of common stock through an amendment to the Company’s Amended and Restated Certificate of Incorporation (the “Amendment”) in order to enable a stock split of the Company’s common stock in the form of a stock dividend.

Tesla (NASDAQ:TSLA) shareholders will be voting on a potential stock split during this year's annual shareholder meeting. The update was posted by the ...

Tesla is just finishing the first quarter of 2022, but the company typically schedules its annual shareholder meeting in the latter half of the year. Tesla provided more detail about its planned stock split in a recently-filed 8-K fling. When the 5-for-1 split was announced, the company’s shares were trading at about $1,373. This hints that a stock split in the near future may very well be appreciated by Tesla’s investors. Tesla’s Board of Directors has approved the management proposal, but the stock dividend will be contingent on final Board approval. Tesla ( NASDAQ:TSLA) shareholders will be voting on a potential stock split during this year’s annual shareholder meeting.

Benchmark US indices closed higher on Monday, March 28, as Tesla, Inc (TSLA) sharp gains nullified losses in the financial and energy stocks.

Gold futures were down 1.69% to US$1,921.25 per ounce. Meanwhile, a sell-off in the bond market seemed to be resumed on March 28. Benchmark US indices closed higher on Monday, March 28, as Tesla, Inc's (TSLA) sharp gains nullified losses in the financial and energy stocks. The HPQ stock tumbled 3.06% on Monday. The global crypto market surged 4.52% to US$2.16 trillion at 5:28 pm on Monday, partly led by gains in Bitcoin (BTC) and Ethereum (ETH). Bitcoin (BTC) was up 3.93% to US$47,851.00, while Ethereum (ETH) rose 4.89% to US$3,397.53. Apple reportedly cut its iPhone SE production by 20%. In the consumer discretionary sector, Amazon.com, Inc. (AMZN) gained 2.05%, Alibaba Group Holding Limited (BABA) rose 1.14%, and Lululemon Athletica Inc. (LULU) surged 3.09%. Nio Inc. (NIO) and eBay Inc. (EBAY) advanced 5.10% and 1.45%, respectively. In the energy sector, Exxon Mobil Corporation (XOM) decreased by 2.67%, Chevron Corporation (CVX) fell 1.77%, and Shell plc (SHEL) tumbled 2.45%. PetroChina Company Limited (PTR) and ConocoPhillips (COP) declined 1.85% and 3.18%, respectively. In individual stocks, the stocks of Apple Inc. (AAPL) traded flat in the intraday trading session, following a report that the company plans to trim its iPhone and AirPod production as the increasing inflation weighed on demand for the consumer electronics products. The shares of Poly, formerly Plantronics, Inc. (POLY), jumped 51.53% in intraday trading after HP Inc. (HPQ) announced a definitive agreement to acquire Poly in an all-cash transaction for US$40 per share. The consumer discretionary and real estate sector were the top percentage gainers on the S&P 500 index on Monday. Seven of the eleven critical sectors of the S&P 500 index stayed in the positive territory, with the energy and financial sectors as the bottom movers. The shares of TSLA surged 8.03% in intraday trading after the EV maker said that it would request investors' approval at its annual meeting for increasing its number of shares to enable a stock split.