Below we review what a stock split is, what to expect as a shareholder during a stock split and what a split means for the future of the company.Ī stock split is when a company decides to divide its existing shares by a certain ratio to create new shares, which then lowers the individual share cost. Stock splits make shares more affordable for retail investors, and more accessible for employees taking advantage of stock compensation plans. Tesla last split its stock in 2020, as did Apple, Amazon and Nvidia. If the split were to occur at that stock price, the resulting shares would trade at $288.17. Tesla (TSLA) closed at $864.51 on Friday. It closed at $2,235.60 on July 15 and opened at $112.64 on the next trading day, July 18.
Meanwhile, Google (GOOGL) completed its 20-for-1 stock split on July 15. GameStop (GME), which completed its 4-for-1 stock split on July 21, closed trading that day with shares costing $153.48 each and opened with them at $36.88 apiece on July 22, with four times as many shares in circulation. Tesla will be the latest large publicly traded company to split its stock, following Google and GameStop, which both completed stock splits in July. Priem in January 1993 and is headquartered in Santa Clara, CA.Tesla announced the final details of its stock split plan Friday afternoon, after shareholders voted to approve the plan at the annual shareholders meeting in Austin, Texas, on Thursday. The company was founded by Jen Hsun Huang, Chris A. The All Other segment refers to the stock-based compensation expense, corporate infrastructure and support costs, acquisition-related costs, legal settlement costs, and other non-recurring charges. The Tegra Processor segment integrates an entire computer onto a single chip, and incorporates GPUs and multi-core CPUs to drive supercomputing for autonomous robots, drones, and cars, as well as for consoles and mobile gaming and entertainment devices. The GPU segment comprises of product brands, which aims specialized markets including GeForce for gamers Quadro for designers Tesla and DGX for AI data scientists and big data researchers and GRID for cloud-based visual computing users. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other.
NVIDIA Corp engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software.
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