Tesla is asking its shareholders to accept a three-way stock split to assist buyers to get a better deal on the company’s equity.
The request is part of a list of measures Tesla intends to propose at its August 4, 2022 shareholder meeting, which the company filed with the US Securities and Exchange Commission on Friday. Tesla is pitching it as a method to “reset” its stock price, which has risen considerably in recent years – 43.5 percent since the company’s most recent stock split in August 2020.
