Tesla, pictured here, in California, United States on September 25, 2021 announced that it will ask investors to split its shares 3-to-1 at its annual meeting in August.
Mandatory Credit: Yichuan Cao/Sipa USA/AP
Stories this photo appears in:
Tesla is trying an old trick to boost its stock. It may not work
In recent years, when a company announced it was splitting its stock, Wall Street went wild. When Tesla revealed such plans in 2020, its shares immediately shot up. They climbed 66% over the following 12 months.
