Tesla ratifies the “split” of the par value of its share – 08/05/2022 at 14:51


Tesla Model 3 (photo credit: Tesla / )

(AOF) – According to Reuters, Tesla shareholders voted on Thursday in favor of the board’s recommendations on most of the proposals at the annual meeting, including the re-election of directors and the share split in three. action, but rejected proposals focusing on environment and governance. The title took 0.44% in pre-market trading.

Last March, Tesla had indicated that it was seeking to carry out a new fractionation (“split”) of its title. In a regulatory document sent to the American stock market authorities, the firm of Elon Musk had specified on June 10 that it wanted to divide the nominal value of its action by 3.

This project was therefore submitted to shareholders’ votes on August 4, as previously announced. Tesla had already carried out such an operation in the summer of 2020 in order to make its stock more accessible to employees and small investors.

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A paradoxical performance

Data from EY highlights that the performance of the world’s top 16 manufacturers was particularly strong in 2021. While the average margin has fallen for three years in a row, from 6.3% in 2017 to just 3.5% in 2020 , this margin stood at 8.5% in 2021. This level is a record for ten years. However, the context was particularly hectic for manufacturers, faced with unprecedented shortages of components. Global sales fell 14% in 2020, the year of the health crisis, to rebound by only 5% in 2021. However, last year, players were able to reap the benefits of their efforts on their fixed cost structure. .

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