Tesla: Share division, ‘BYD batteries’

Tesla: Share division, ‘BYD batteries’


Tesla: Share division, ‘BYD batteries’

Tesla wants to divide its shares by a ratio of 1 to 3. “That makes it easier for employees to take advantage of their share profits, which could further help increase the value of shareholders,” Tesla said in a statement to the SEC.

Tesla stock prices have fallen sharply in recent weeks to around $ 700 each. Six months ago, it was still being paid $ 1,200, making it more difficult for employees or other small investors, in particular, to sell or buy securities. Tesla therefore states that “that retail investors are showing great interest in investing in our shares; divisions make them more accessible to these investors. “Previously, other major listed companies such as Amazon and Alphabet (Google) also distributed their shares.

BYD to supply batteries to Tesla

China automotive company BYD will supply batteries to US rival Tesla. Various media outlets, including Reuters, are reporting this on the basis of an interview with CEO Lian Yubo on Chinese television. “We are good friends with Elon Musk and we are preparing a short-term supply of batteries for Tesla,” he said. BYD is widely praised for so-called blade batteries, which, according to the company itself, do not feel hot and take up less space than current lithium-ion batteries. Tesla has not yet responded to the message.

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