BREAKING: Tesla to ask shareholders to vote in order to approve a stock split

Written by Cláudio Afonso |

Tesla announced this Monday, via Twitter, that will ask its shareholders to vote in order to enable a stock split. The vote will take place at Tesla’s 2022 Shareholder meeting later this year. The last meeting was held in October 2021 at Tesla’s GigaFactory in Austin, Texas. As of 06:20 EST, Tesla shares are trading 5.16% higher in the Pre-Market.

On August 2020, Tesla announced that its Board of Directors has approved and declared a five-for-one split of Tesla’s common stock in the form of a stock dividend to make stock ownership more accessible to employees and investors. Tesla Shareholders meetings usually happen from June to October: June (2017, 2018 and 2019), September (2020) and October (2021).

Tesla’s GigaShanghai will pause production from March 28 to April 5 due to city-wide lockdown announced by the Chinese Government. The measure represents the biggest city-wide lockdown since the Covid outbreak began in early 2020. “The measure aims to curb the spread of COVID-19, protect people’s life safety and health as well as achieve the dynamic zero-COVID-19 target at the social level as soon as possible,” the city’s coronavirus prevention work leaders’ office announced.


Jefferies analyst Philippe Houchois has recently raised Tesla’s Full Year 2022 and 2023 Earnings estimates by 7-9% due to recent price hikes and higher free cash flow. However, the Analyst lowered Tesla’s price target from $1,400 to $1,250 to reflect higher inflation and due to “a 50bps increase in assumed cost of capital”.

Recently, after Elon Musk warned for the “recent inflation pressure in raw materials & logistics”, Tesla raised the prices of all its models in the U.S. and on Model Y, Model 3 in China. After these price increases, Model 3 Performance costs now $78,440, Model Y Performance $85,440, Model S Plaid $158,440, and Model X Plaid $162,440 — all of these prices are for the fully optioned version. Comparing Year-over-Year, Model X Long Range was the model with the highest price increase, from $89,990 to $114,990 — 28%

Written by Cláudio Afonso |