Tesla Announces a Three-for-One Stock Split

Tesla Announces a Three-for-One Stock Splitedited 07:39 PM

[{"selector":"#anim-34cc31aa-2b42-4166-829a-f4221aa5744a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Now, the stock had fallen by 2.51% since the market closed for the week, trading at nearly $270.

[{"selector":"#anim-3dedb629-09c3-4da3-a587-d2a0f70ef649 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] A record-breaking Q2 of the year was anticipated by Tesla as production declined.

[{"selector":"#anim-6720855d-dff5-4e77-a403-586abac7df3f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] But some experts believe that Tesla's share could reach $360 next year.

[{"selector":"#anim-d561fde9-81e6-4cd2-91b0-c40c7c76435b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Since the company's statement in late March, shares of the EV manufacturers had fallen by 12%.

[{"selector":"#anim-20de20c7-1829-4419-81a0-420489ac887c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] With a five-to-one stock split, Tesla announced its second stock split in as many years as in August 2020.

[{"selector":"#anim-43439e31-45af-41c3-932d-60ae06d6f5ce [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] The stock has lost 14% of its value so far this year, and it's on track to post its first yearly loss since 2016.

[{"selector":"#anim-77ba404e-1358-4c72-98f3-9135d3a2bd50 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] When trading on its split-adjusted basis started on August 31, 2020, Tesla's share price rose by almost 104%.

[{"selector":"#anim-5edd7a80-340c-4159-ac9f-b72ddb0535e6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] According to the aspirational CEO, Tesla will eventually have 10 to 12 gigafactories.

[{"selector":"#anim-290083cd-69ee-4742-9cc0-ab9564859813 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The CEO of Tesla predicts that the company will be able to build 40,000 cars per week by the end of the year.