How many shares will stockholders approve at the 2022 annual meeting?

[Discoducky]

Tesla currently has ~1 billion shares outstanding, they can issue up to 2 billion max, which would nearly allow for a 2:1 split.

So, how much will Tesla allow with this increase?

 

[Johann Koeber]

I would suggest 10:1, so 20 billion.

Now .... do I vote the third or the fourth row?

 

[jeewee3000]

My guesstimate is 10 billion. But there are two options with that answer

 

[wtlloyd]

20 to 1
40 Billion

 

[Drezil]

my guess is "lift the limit" (i.e. infinite).

 

[Chunky Jr.]

Apple has close to 20B shares outstanding (they have bought back several billion in past few years so it is about 17B now). So 20B seems like a reasonable number for Tesla.

 

[adiggs]

I'm hoping for 100B authorized shares. Doesn't mean that they need to be used, or that they will be used.

The problem I see with 10B is that a 5:1 split puts the company right back where they are right now - a shareholder vote is required for another split.


So something 20B+ is what I consider the minimum as any split once there are 10B actual shares in circulation will need another vote.

 

[jbcarioca]

There si no downside for that gigantic limit. I do not know what Apple's is but it should be with more '000

 

[jkirkwood001]

Yeah, you really should stagger the tiers more exactly, @Discoducky , i.e.:

• < 5 billion shares max.
• >= 5 billion and < 10 billion max.
• >= 10 billion and < 20 billion max.
• etc.

 

[Discoducky]

Yeah, you really should stagger the tiers more exactly, @Discoducky , i.e.:

• < 5 billion shares max.
• >= 5 billion and < 10 billion max.
• >= 10 billion and < 20 billion max.
• etc.

Actually, that was by design. Forced to either vote higher or lower. Adds to the discussion I think.

 

[jkirkwood001]

Actually, that was by design. Forced to either vote higher or lower. Adds to the discussion I think.

But it's way way more likely, IMO, that Tesla is going to choose a 10,000,000,000 shares max, than either 9,999,999,999 or 10,000,000,001 shares max. So you're forcing one vote to fit into two categories - confusing and misleading. Just don't think that helps gauge how many shares people think are going to be sought.

 

[Discoducky]

But it's way way more likely, IMO, that Tesla is going to choose a 10,000,000,000 shares max, than either 9,999,999,999 or 10,000,000,001 shares max. So you're forcing one vote to fit into two categories - confusing and misleading. Just don't think that helps gauge how many shares people think are going to be sought.

Time will tell!