March 29 news, the U.S. stock market on Monday higher, technology stocks led the rise, Tesla brewing stock split news, pushing its stock price rose 8.03%, at $1091.84, the market value of $1128.425 billion, Tesla is still the world's largest market capitalization of the car company. 、
Tesla said Monday that at the company's annual shareholder meeting, shareholders will be asked to vote on the "additional number of shares" proposal to advance the new stock split plan.
If the plan is approved, Tesla will once again split the stock after last August, with the aim of making it easier for employees and investors to buy the stock.
Some market commentators said that Tesla management showed confidence in the company by asking for a share split, and it is expected that the proportion of shares split will reach 5-1 or 10-1.
In August last year, Tesla had implemented a "1-to-5" plan for the company's stock, and each share held by Tesla investors became five shares.
In the following 2021, Tesla, which was demolished to nearly $400 / share, continued to soar, and broke through $1,000 / share again at the end of October last year.
Splitting shares is a way to reduce the cost of buying shares. After the stock split, there was little impact other than the decline in the stock price and the increase in the number of shares issued. A split does not affect a company's value, but it often drives a short-term rise in the company's stock price.
Many investors who hold Tesla shares, the Tesla stock price in their hands, in the short term, there is a high probability that there will be more room for growth.
