WATCH: Tesla will seek investor approval to increase its number of shares to enable a stock split in the form of a dividend as the company suspends its Shanghai factory amid lockdown measures
Tesla shares soar after stock split in 2020 Tesla shares soar after stock split in 2020
"This could further fuel the bubble in Tesla's stock that has been brewing over the past two years," said David Trainer, chief executive of investment research firm New Constructs. "We think Berlin ramping, and both the MiniCar and India are on the horizon, we would agree with the timing," Roth Capital analyst Craig Irwin said, hinting that companies usually execute stock splits when good news is ahead.Musk also said on Sunday Tesla's artificial intelligence chief Andrej Karpathy was on a fourth-month sabbatical, at a critical time that Musk wants to achieve full self-driving capability and roll out a humanoid robot prototype this year.
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