19 August 2022 | Announcements

Tesla 3 to 1 split will take place on August 25

Shareholders of the largest electric car manufacturer in the world have decided to split the deal with a 3:1 ratio.

The goal of the share split is to further attract retail investors, as well as bring the market value of Tesla's shares down to $300. Trading taking into account the company's share split will start on August 25. For the first time, the intention to split the company's shares became known from a tweet on March 28.

According to Craig Irwin, an analyst of Roth Capital Partners investment bank, the decision to split the shares was made at the right time, as "the market seems to be heading in the right direction."

Recall that this is the second split that Tesla has carried out in the past two years. The growth of the company's shares was facilitated by their division in the ratio of 5 to 1 in August 2020. Then, Tesla shares rose by 60% from the announcement to the split execution date.

Company MarketCheese
Period: 20.12.2024 Expectation: 1830 pips
Slowdown in Canadian economy and other supportive factors are likely to push AUDCAD higher
29 November 2024 78
Alexandra_Belova
Alexandra_Belova

Listed among the best MarketCheese authors
1st in the segments "Currencies" and "Oil and gas"
Period: 04.12.2024 Expectation: 1800 pips
USDJPY may fall to level of 150
28 November 2024 91
Period: 20.12.2024 Expectation: 510 pips
Buying sentiment for natural gas is on rise with forecast of 3.720
28 November 2024 131
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segment "Metals"
2nd in the segments "Currencies" and "Oil and gas"
Period: 03.12.2024 Expectation: 1000 pips
Tariffs of Trump threats send USDCAD to 4-year high
27 November 2024 72
Period: 30.11.2024 Expectation: 2100 pips
EURUSD is poised to surge higher as correction continues
27 November 2024 94
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segment "Metals"
2nd in the segments "Currencies" and "Oil and gas"
Period: 20.12.2024 Expectation: 2470 pips
GBPUSD is targeting 1.2300 level as selling pressure increases
26 November 2024 86
Alexandra_Belova
Alexandra_Belova

Listed among the best MarketCheese authors
1st in the segments "Currencies" and "Oil and gas"
Go to forecasts