The document has also revealed that Elon Musk currently owns 23.5% of the company’s shares, a high percentage that has been reduced in recent months in order to make the purchase of Twitter, a deal valued at 44,000 million dollars that It has been suspended for several weeks due to differences between Musk and the company’s board of directors and between rumors of attempts to reduce this price and cross accusations between the parties.
According to CNBC, Vanguard owns 6% of the company’s shares while the aforementioned Ellison holds 1.5% of the shares of the electric vehicle manufacturer.
Actually for Tesla this would be his second split, since in 2020 he already made a split, this time it was 5 to 1, which caused the value of its shares to grow substantially. At the time, the shares were worth around $1,500 but went as high as $2,000.
Currently the value of TSLA stock hovers around $700therefore if a split were made with that value (it is expected to increase after the announcement), the value of each share would go up to around US$230.
Tesla indicated that since the last split realized the value of the share has grown by 43.5%and that is currently suffering some really bad days on the stock market whose value fell considerably.
Source: Ambito
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