16 months ago, Tesla announced it's 5-1 stock split on August 11, 2020, its stock was at $1,373 (pre-split). The current stock price are back above $1.1k. It is strongly believed that Tesla will probably consider another potential stock split. Rumours have mentioned that there are multiple hints by Elon Musk tweets that point it to potential 9-12 split news. What do you think of that? With this stock split, it creates an opportunity for shareholders with limited funds to invest in Tesla through lowering the entry barrier, so other investors have even more reason to buy than before.
Tesla shares rose more than 2% in premarket trading
Tesla shares rose more than 2% in premarket trading.
Tesla Chief Executive Elon Musk sold about $5 billion in shares, the billionaire reported in filings on Wednesday, just days after he polled Twitter users about selling 10% of his stake.