Company Shareholders Approve Tesla's 3:1 Stock Split

At Thursday's annual meeting, Tesla's shareholders voted "yes" for the 3:1 stock split. The world's richest person and Tesla's CEO, Elon Musk, is all set to make the company's shares more accessible at an affordable price. The previous share price was $925, and now it's closed at $308.




Tesla's 3-to-1 stock splits have an increasing benefit for the shareholders as they'll be issued two more shares on the day of the split; such announcements by Tesla are the second in about two years. The stock split offered a higher overall share count but a lower share price, making it more approachable for investors.


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