The Timing of Tesla's Stock Split Could Be in Jeopardy

Tesla (NASDAQ: TSLA) is no stranger to the spotlight, and the company turned heads earlier this year when the electric vehicle maker revealed plans for a second stock split, less than two years after its first. Investors will recall Tesla's first paring of its shares, a 5-for-1 stock split, took place in Aug. 2020.

A regulatory filing in March detailed the company's plans, which would require shareholder approval to increase the number of authorized shares. However, Tesla just missed a key regulatory deadline, which could delay its stock split ambitions.

Image source: Tesla.

Continue reading

Source Fool.com