Tesla Announces a Three-for-One Stock Split

Rhea-AI Summary

Tesla, Inc. has announced a three-for-one stock split approved by its Board of Directors to enhance stock ownership accessibility for employees and investors. Shareholders on record as of August 17, 2022 will receive two additional shares for each share held, with distributions occurring after market close on August 24, 2022. Trading on a split-adjusted basis will commence on August 25, 2022.

This move aims to improve liquidity and stimulate interest among potential investors.

Positive

• Three-for-one stock split to increase accessibility for investors and employees.
• Shareholders will receive additional shares, enhancing perceived value.

Negative

• None.

AUSTIN, Texas--(BUSINESS WIRE)-- Tesla, Inc. (“Tesla”) announced today that the Board of Directors has approved and declared a three-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 17, 2022 will receive a dividend of two additional shares of common stock for each then-held share, to be distributed after close of trading on August 24, 2022. Trading will begin on a stock split-adjusted basis on August 25, 2022.

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, 2022. Tesla disclaims any obligation to update this information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220805005007/en/

Investor Relations Contact:

ir@tesla.com

Source: Tesla, Inc.

FAQ

What is the date of Tesla's stock split announcement?

Tesla announced its stock split on August 5, 2022.

When will Tesla's stock split take effect?

Tesla's stock split will take effect on August 25, 2022.

What is the ratio of Tesla's stock split?

Tesla's stock split is a three-for-one ratio.

Who is eligible for Tesla's stock dividend?

Shareholders on record as of August 17, 2022, are eligible for the stock dividend.

What are the benefits of Tesla's stock split?

The stock split aims to make ownership more accessible and improve liquidity.