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Tesla goes for stock split so it can pay a stock dividend, shares gain

The proposal has been approved by its board and the shareholders will vote on it at the annual meeting. The stock split, if approved, would be the latest after a five-for-one split in August 2020.

Photo: Bloomberg
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Photo: Bloomberg

Reuters
Tesla will seek investor approval to increase its number of shares to enable a stock split in the form of a dividend, the electric-car maker said on Monday, sending its shares up 5 per cent before the bell.

The proposal has been approved by its board and the shareholders will vote on it at the annual meeting. The stock split, if approved, would be the latest after a five-for-one split in August 2020.

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First Published: Mar 28 2022 | 11:14 PM IST

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