According to foreign media reports, electric vehicle manufacturer Tesla submitted a filing document to the securities and Exchange Commission (SEC) on Monday, local time, claiming that it had made a request to split shares to shareholders of the company in order to pay dividends to shareholders in the form of new shares < p > < / P > < p > Tesla said in the document that the company would propose to "increase the number of authorized shares of common stock in order to split the company's common stock in the form of stock dividend" at this year's annual general meeting. Stock dividends refer to dividends paid to shareholders in the form of additional shares of the company rather than cash. These dividends will not affect the value of the company, but will dilute the company's share price < p > in other words, if the shares are split at a ratio of 1:6, shareholders holding one Tesla share will receive five additional shares as dividends. This seems to have been actively welcomed by shareholders. Tesla shares closed up more than 8% after the news of stock split < p > Tesla wrote in the filing document: "On March 28, 2022, Tesla announced that it planned to request shareholders' approval at the upcoming 2022 annual meeting of shareholders to increase the number of authorized shares of common shares by amending the company's amended and reissued certificate of incorporation, so that the company's common shares can be split in the form of stock dividends. Tesla's board of directors has approved the management's proposal, but ultimately it will depend on the approval of the general meeting of shareholders." < p > the time of Tesla's share split is unclear, because the date of this year's shareholders' meeting has not been determined. At that time, the company's shareholders will vote on the plan. Tesla's shareholders' meeting last year was held on October 7 < p > this is Tesla's second request for share splitting in two years. The company's last share splitting was in August 2020. At that time, its share price was about US $1373, split according to the ratio of 1:5, but this time it did not disclose the share splitting ratio. Tesla said it decided to split the shares because it made it "easier for employees and investors to obtain equity". Since then, Tesla shares have risen again to more than $1000 < p > however, Tesla's share price has been struggling this year. As of Friday's closing, the stock had fallen by 4.4% in 2022. However, the stock has been rising since Tesla announced that the Berlin plant was approved by Germany, and has risen 32% since closing at $766.37 two weeks ago. On Friday, the stock closed at $1010, which once again put the company's market value at more than $1 trillion < p > there are many reasons for a company's stock split. In addition to lowering the threshold for investors, the stock split also helped the company to be included in the Dow Jones industrial average < p > as the company becomes an undisputed giant in the electric vehicle industry and the automotive industry turns to the electric path, Tesla's growth momentum is very strong. CEO Elon Musk's open communication with car owners and shareholders on twitter also gave the company an advantage over its competitors in the automotive field < p > Dan ives, technology analyst at wedbush securities, said: "given the performance of the stock since the last split, this is not surprising." < p > given that retail investors have a variety of options, such as index funds and exchange traded funds (ETFs), they can only buy a small part of the shares of a high share price company, the stock split is not as important as before. But with the exception of Berkshire Hathaway, most companies do not want their share prices to rise too high. Without the initial split, Tesla's share value would exceed $5000 < p > although Tesla has built new factories near Berlin, Germany and Austin, Texas, the scale of Tesla is still insignificant compared with most long-standing carmakers. However, Tesla's rapid growth and the expectation that Tesla will profit from the transformation of automobile electrification have promoted the amazing growth of its market value < p > since October 2019, Tesla has turned from a series of quarterly losses to profits. As of Friday's close, the company's share price has risen 1884%. Tesla is now worth more than the world's 13 largest carmakers combined < p > recently, a number of other technology stocks with soaring share prices have also announced a spin off, including Amazon and Google parent company alphabet. Since early February, both companies have announced plans to split their shares at a ratio of 1:20. (small) < / P > < p >