30 Second Updates – Tesla (NASDAQ: TSLA)

10/06 (Fri) Closing Price: $696.69

• As reported in the U.S. stock file submitted to the regulator on Friday, June 10, after hours, Tesla plans to discuss the proposed stock split at its shareholder meeting on August 2.
• After the stock split plan announcement, Tesla shares, which had closed down by more than 3% on Friday, immediately rose after the bell and increased by more than 2.5%.
• It will be the first stock split for Tesla since August 30, 2020, if the proposal is approved. Following the stock split at a 1:5 ratio in 2020, Tesla shares have risen nearly 80% in five months.
• In light of Friday’s stock price reaction, the market expects shareholders would endorse the stock split.