Hey everybody, Rob Mauer here. Welcome back to Tesla Daily. We've got a lot to go through

today, including the announcement of Tesla's intent to do a stock split, with Shareholder

approval of increasing share count. We'll talk about that. Got news that Tesla's director

of AI, Andre Carpathi, is on a sabbatical. From Tesla, we've also got some updates on

production in China, a new Elon Musk interview, and a few other items as well.

All right, starting off with the stock here, although Tesla couldn't quite keep that

street going on Friday, definitely made up for it today, up 8% on the day to close at $1,091.84

versus the NASDAQ up 1.3%. And of course, likely a big factor, contributing to this was Tesla's

early morning tweet today, saying that, quote, Tesla will ask shareholders to vote at this year's

annual meeting to authorize additional shares in order to enable a stock split.

End quote, Tesla also filed a new 8K with the SEC this morning explaining the same,

don't get confused by the language in there, it does talk about a dividend, but it's a stock

dividend. This is the exact same split structure that Tesla used previously, so this is not them

setting up a cash dividend quarterly or otherwise. So as we've talked about before, the reason

Tesla needs to seek shareholder approval in this case, where they didn't need to for the first,

stock split is because they're bumping up against their issueable share limit. That's set at

2 billion shares, and Tesla's already got over a billion shares outstanding, so right now they

couldn't even do a 2 for 1 split without increasing that cap. So that's what they're asking for,

for approval here, then subsequently Tesla can split the stock, which they have said is the intent.

Here, so until we kind of see what Tesla has in mind to increase that share count cap too,

we don't know much about what the split will look like, even that might not tell us,

but unless Tesla announces that specifically, that'll be our first indication.

...