Tesla announced plans to split shares at a 1:5 ratio, up nearly 7percent

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 Tesla announced plans to split shares at a 1:5 ratio, up nearly 7percent


Teslas share price fluctuates frequently, reaching a low of $211 a share last year. As of the time of this article, the stock has reached 1466.4 US dollars. Teslas market value easily exceeds $250 billion, making it the worlds largest auto company. According to the calculation, the value of Teslas shares after the split is about $297.

Two years ago, Elon Musk, Teslas chief executive, said on social media that he was considering privatizing Tesla and had secured funding.. The news caught the attention of the securities and Exchange Commission, which later charged Mr. musk with securities fraud and eventually reached a settlement.

According to the settlement, Tesla agreed to add two independent directors, and musk resigned as chairman for three years.

Teslas share price has experienced big swings before it began to rise this spring. While shares of other automakers, such as Ford and general motors, have been sluggish, the stock has been rising. This split may be the result of a rapid appreciation of its share price. (small)

Source: Wang Fengzhi, editor in charge of Netease science and Technology Report_ NT2541