You’re here (TSLA) – Get a Tesla Inc report. Investors and fans will have to wait – patiently or not.
Many had marked May 2 on their calendars as the date the premium electric vehicle maker is expected to file its dealer statement with the Securities and Exchange Commission.
The company, like other public companies, had 120 days after the December 31 fiscal year-end to disclose. The report is particularly relevant at this time as Austin E Group announced a stock split last month.
It was 120 days on April 30, which is a Saturday, so members of Musk’s investment community and fan base waited until May 2 to reference the document.
They will wait a little longer. The company has just indicated that it needs more time to prepare the document.
“We currently expect the final proxy statement to be presented at our 2022 annual meeting of shareholders no later than the 120th day after the end of our last fiscal year,” the company said. she said in the May 2 SEC filing.
You have not provided additional information, such as when you plan to file the proxy statement. Investors are still unaware of the details of the proposed stock split.
Company needs more time to file
Tesla He had proposed to part ways in March. “Tesla will ask shareholders to vote at this year’s annual meeting to authorize additional shares to allow for a stock split,” the company said on Twitter on March 28.
The company did not give details, and investors pinned their hopes on the agent’s statement. Some investors fear that a spin-off will dilute their holdings. This does not happen. A split increases the number of shares outstanding and proportionally decreases the price. He she Nope Change the market value of the business or the value of any owner’s share. It just makes stocks cheaper to buy.
The company has yet to announce a date for the 2022 shareholders’ meeting. Last year, the shareholders’ meeting was held in October. The vote in favor of the shareholders will allow the Group to proceed with the stock split.
By making the share price more accessible, the company hopes to attract more investors and increase the liquidity – trading activity – of its shares. Experts say a stock split can also push stock prices higher as retail traders pile up.
Tesla stock at the last pick was trading around $866. It is trading 30% below its 52-week high of $1,243 set in early November.
In August 2020, Tesla announced a 5-to-1 split, giving all Tesla holders five shares of the company for every share they own.
Announcements of stock splits have multiplied in recent months. This year Google (The Google) – Obtain an Alphabet Inc Class A report.Amazon (AMZN) – Get a report from Amazon.com, Inc.and GameStop (EMG) – Get a GameStop Corp report. Class A. Among other things, they said they had split their shares.