Tesla stock split: All you need to know about shares vote

Tesla stock split: All you need to know about shares vote

Tesla wants to split its stock to its shareholders as a stock dividend.

A stock dividend is a dividend paid in the form of additional company shares instead of cash.

Tesla’s last stock split happened on August 31, 2020. That was a 5-to-1 stock split.

A 5-for-1 split ensures that investors get a stock dividend of four shares for every one share of Tesla they own.

However, Tesla hasn’t announced how much the stock will split this time.

Tesla’s shares are up more than 6% at about $1,075.

Only Elon Musk knows why Tesla needs a stock split. It could be to boost the stock.

This year, the stock is down over 4%. Stock splits can increase the popularity of the shares among retail investors.