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Saturday, May 28, 2022

Tesla Stock Split: Time for the Next Stock Rally?

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Tesla boss Elon Musk (who, by the way, is infected with Covid again) has already succeeded with a stock split.

Good Morning! While you slept, work continued elsewhere on the digital scene.

The main topics:

Tesla intends to split its shares so that it can pay shareholders a stock dividend. This is clear from a report that the American manufacturer of electric cars has presented to the country’s stock market regulator. The division of shares will be voted on at the annual general meeting. A stock dividend is a dividend paid to shareholders in the form of additional shares rather than cash. These dividends do not affect the value of a company, but dilute the price of its shares.

Shares of Tesla rose more than six percent to around $1,075 after the news. The company last split its shares in August 2020. Since that 5-to-1 split took effect, shares have more than doubled. The news follows a stock market “roller coaster”: Tesla shares have lost some of their value this year. At the close of trading on Friday, the loss for 2022 was 4.4 percent. However, the shares are up 49.8 percent in 2021 and as much as 743.4 percent in 2020. [Mehr bei CNBC]

In the founding scene listen from today Joan Baar and Anne Lamp. The two founders search with their startup traceless materials for an alternative to plastic. They were showered with awards from the start, but that also created a lot of pressure. In the podcast they tell us how they deal with it. [Mehr bei Gründerszene]

And here are the other headlines of the night:

Apple stabs Netflix from: At the 94th Academy Awards, Apple’s film “Coda” about the son of deaf parents took home the coveted award. “Coda” beat out Netlix’s “The Power of the Dog,” a Western directed by Jane Campion, which had previously been considered a likely winner. This makes Apple the first streaming service, ahead of Netflix, to receive the coveted award. The Oscar is also a big win for Apple because the company only launched its streaming service in 2019. [Mehr bei Los Angeles Times]

moon fee receives another injection of cash to expand its business model. The German fintech receives US$35 million from the London-based investment firm Vitruvian Partners. Moonfare, which plans to open an office in Singapore soon, is a private equity platform that offers private investors digital access to private equity funds, venture capital funds, and infrastructure funds. [Mehr bei Handelsblatt]

half pension takes over headphone producer polytechnic school. The PC and printer manufacturer spends US$1.7 billion on this. With the agreement, the American company continues to focus on the concept of hybrid work, that is, a mixture of office and home office. The deal, which comes some two years after Xerox’s takeover bid was rejected, shows how positively HP’s business has developed during the pandemic. The acquisition is also the largest such deal since what was once Hewlett-Packard was split into HP and Hewlett Packard Enterprise in 2015. [Mehr bei Wall Street Journal und The Information]

Apple plans to reduce production of some of its most popular products due to macroeconomic factors. According to a Nikkei Asia report, these factors include the war in Ukraine and rising inflation. Both would affect demand, he said. The move is an early sign of how international brands are adapting to the global slowdown in consumer spending. Apple plans to cut production of the new version of its cheaper iPhone SE by as much as three million units in the current quarter. Also, significantly fewer Airpods will be produced. [Mehr bei Nikkei Asia]

huawei has seen its annual sales drop 29 percent after US government sanctions dealt a heavy blow to the Chinese company’s once-thriving smartphone business. In 2019, the US government blocked Huawei’s access to US technology, including Google chips and other critical components and software. Huawei, which was the world’s second-biggest smartphone maker after Samsung in 2019, dropped out of the top 5 last year, according to research firm IDC. [Mehr bei The Information]

Our reading tip for Gründerszene: The Hamburg Twins Alessio and Ricardo Bruni have your company heroes founded in the summer of 2020. Now it came to light: the buyer of the German-British store was threatened by an investor for a strange reason. [Mehr bei Gründerszene]

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Happy Tuesday!

Your editors Gründerszene

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