Tesla Announces a Five-for-One Stock Split

Rhea-AI Summary

Tesla's Board of Directors approved a five-for-one stock split, declaring a stock dividend to enhance accessibility for employees and investors. Stockholders of record by August 21, 2020 will receive four additional shares for every share held, with distribution scheduled after market close on August 28, 2020. Trading on a split-adjusted basis will commence on August 31, 2020. The announcement includes forward-looking statements, highlighting potential risks and uncertainties affecting future performance, as disclosed in Tesla's SEC filings.

Positive

• Stock split aims to make shares more accessible to a wider range of investors.
• Increased shareholder value due to enhanced liquidity post-split.

Negative

• None.

PALO ALTO, Calif., Aug. 11, 2020 (GLOBE NEWSWIRE) -- Tesla, Inc. (“Tesla”) announced today that the Board of Directors has approved and declared a five-for-one split of Tesla’s common stock in the form of a stock dividend to make stock ownership more accessible to employees and investors. Each stockholder of record on August 21, 2020 will receive a dividend of four additional shares of common stock for each then-held share, to be distributed after close of trading on August 28, 2020. Trading will begin on a stock split-adjusted basis on August 31, 2020.

Forward-Looking Statements

Certain statements, including, without limitation, statements regarding the expected timing and impact of the stock dividend are “forward-looking statements” that are subject to risks and uncertainties. These forward-looking statements are based on management’s current expectations. Various important factors could cause actual results to differ materially, including the risks identified in our filings with the Securities and Exchange Commission, including our Quarterly Report on Form 10-Q for the quarter ended June 30, 2020. Tesla disclaims any obligation to update this information.

FAQ

When is Tesla's stock split effective?

Tesla's stock split will be effective after market close on August 28, 2020.

What is the ratio of Tesla's stock split?

Tesla's stock split is a five-for-one ratio, meaning shareholders will receive four additional shares for every share they own.

Who is eligible for Tesla's stock split dividend?

Stockholders of record on August 21, 2020, are eligible for the stock split dividend.

When will trading begin on a split-adjusted basis for Tesla shares?

Trading on a split-adjusted basis for Tesla shares will begin on August 31, 2020.

What should investors know about Tesla's forward-looking statements?

Investors should be aware that forward-looking statements are subject to risks and uncertainties, as detailed in Tesla's SEC filings.