Electric car maker Tesla will seek shareholder approval for a stock split, according to an SEC filing Monday, driving shares up
Monday, driving shares up as it vies to join tech giants like Amazon and Alphabet in splitting stock after massive growth during the pandemic.... [+]Tesla said it will ask its shareholders to approve plans to increase the number of shares of common stock “in order to enable a stock split” at an upcoming annual meeting.
The company’s board has already approved management’s plans to increase the amount of stock, but any split is subject to the board’s final approval, according to the filing.Key Background
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