Tesla stock split 'not a positive or a negative' -portfolio manager

STORY: Shares of Tesla jumped more than 8% on Monday, after the company said it will seek investor approval to increase its number of shares to enable a stock split.

The proposal, first announced on Twitter, has been approved by its board and shareholders will vote on it at an annual meeting. The stock split, if approved, would be the latest after a five-for-one split in August 2020 that made Tesla shares cheaper for its employees and investors.