by qcatq
Tesla on tweeter announced a plan to split stock. It is seeking investor approval in the next general meeting. However, no further details was given, no mention on the meeting date, or the split ratio.
Also today, due to COVID restrictions in China, Tesla gigafactory in Shanghai will be shut for 4 days. It has already shut for 2 days in mid March. Current estimate is the factory could produce just over 2,000 vehicles per day ( output in Dec 2021 was 70,000 for the month). So that is over 12,000 less cars to be shipped in March.
If you think a stock split has a bigger impact on the market, then congrats, you are right. Although I’m considering throwing all my financial books down the toilet at this point.