Tesla Stock Won’t Get the Bump It Expects From a Stock Split Tesla (NASDAQ: TSLA ) stock has become a little more interesting since announcing it may attempt a 3-for-1 stock split. In a recently filed proxy statement, Tesla said that it will seek shareholder approval at its Aug. 4 annual meeting. If approved, this will be Tesla’s second stock split in fewer than two years. The company executed a five-for-one stock split in August 2020, leading to a 60% surge in the share price from the day of the announcement to the execution date. 7 Bargain Income Stocks to Buy and Hold Forever Market conditions are much less favorable right now and might continue to conspire against Tesla’s share price , which is down 40% year to date. In January, Tesla had a market capitalization of $1.15 trillion. Today, its market cap sits at $722 billion. TSLA Tesla $711.11 A Closer Look at TSLA Stock Tesla is the latest among several large-cap technology companies to announce stock splits this year as markets and their share prices sink. Google parent company Alphabet (NASDAQ: GOOGL ) and Amazon (NASDAQ: AMZN ) each announced 20-for-1 stock splits this past winter as their respective stocks slumped.