Those waiting for Tesla to detail its stock split details will have to wait a bit longer, it appears.
Tesla said it won’t be able to file a proxy statement until later on in 2022, according to a securities 10-K/A filing on Monday, reports Bloomberg.
The electric automaker had an initial deadline of April 30 to file the shareholder proxy statement for the fiscal year ending December 31, 2021.
In the filing, Tesla wrote, “We currently expect that our definitive proxy statement for the 2022 annual meeting of stockholders will be filed later than the 120th day after the end of the last fiscal year.”
Tesla will ask shareholders to vote at this year’s annual meeting to authorize additional shares in order to enable a stock split.
— Tesla (@Tesla) March 28, 2022
Shareholders are currently waiting for Tesla to reveal details on plans for a share-issuance vote, after the automaker’s March 28 tweet announcing plans to ask shareholders to vote on authorizing a stock split at this year’s annual meeting.
It’s not yet clear when the 2022 shareholder meeting will take place, though the 2021 Tesla shareholder meeting took place in October.
Tesla CEO Elon Musk sold $4.4 billion in Tesla shares last Thursday, accounting for around $8.4 billion shares total sold last week.
Musk also bought Twitter last week for $44 billion, after the Tesla CEO and billionaire announced a 9.2-percent stake in the social media company the prior month.