Tesla stock split
The Tesla board of directors suggested a 3-to-1 split of shares in June. This decision was approved by the company’s shareholders on August 4. The shares of the world’s leading manufacturer of electric vehicles will become 3 times cheaper!
Tesla is an American manufacturer of electric vehicles and electric energy storage solutions.
In 2019, Tesla became the largest manufacturer of electric vehicles in the world. The Tesla Model 3 sedan became the best-selling electric car in history, breaking the 800 thousand mark.
In 2021, Tesla came out on top in terms of capitalization among automobile companies, surpassing the Japanese automaker Toyota. At the end of October 2021, the company’s capitalization exceeded $1 trillion for the first time. Previously, only 4 American giants (Apple, Microsoft, Amazon and Alphabet) reached this mark.
We remind you that the company held the first stock split in the proportion of 5:1 at the end of August 2020. By the end of March 2022, the value of the company’s securities increased by 102.8%.
At the end of last month, the company reported results for the second quarter of 2022. The company has doubled its net profit and 1.4 times its revenue! Moreover, the company plans to produce from 1.5 million to 2 million electric vehicles per year in total at most of its plants.
The split will take place on August 24 and from August 25, transactions on the #Tesla tool will open at a new price.
Please note that on August 24, 2022:
– the #Tesla tool will be switched to the “Close Only” mode;
– all open positions on #Tesla must be closed by clients no later than 22:55 server time in accordance with clause 17.4 of the “The procedure for submitting, processing, and executing client orders to fix the price of the underlying asset when performing transactions with non-deliverable OTC financial instruments”;
– transactions that remain open will be forcibly closed by the company at the closing prices of the session.
Please take this information into account when planning your work on the Forex market.
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Risk disclaimer: Please note that the possibility of making a profit is inextricably linked with the risk of losses.
Initiating transactions with non-deliverable OTC financial instruments has a high degree of risk and can lead to losses up to the loss of the entire Deposit.
Making transactions with non-deliverable OTC financial instruments does not imply the transfer of ownership and other rights to the underlying assets.
FTM Brokers warns that the information contained on this website should not be considered as a recommendation for making transactions with non-deliverable OTC financial instruments.
The results of transactions with non-deliverable OTC financial instruments in the past are not a guarantee of future successful operations.
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