Tesla investors on Thursday are expected to clear the way for the company to complete its second stock split in about two years.
Elon Musk’s electric-vehicle maker, whose stock price has roughly tripled in the past two years, is planning a 3-for-1 stock split that the company has said is designed to make ownership more accessible to employees and individual investors. Tesla needs shareholders to sign off on issuing the new shares to complete the split. The move wouldn’t affect the company’s market value, which topped $960 billion as of Wednesday.