NoNo444 : They can not do that 1 to 250 without being delisted. So that won't happen.  Likely they just voting for it now in case they need to do it after 2 years time. Max they can do in next future is 1-2.5

NoNo444 : Reasons for a Reverse Stock Split
 
The principal purpose of a Reverse Stock Split is to decrease the total number of shares of our common stock outstanding and proportionately increase the market price of our common stock in the event that the market price of our common stock does not stay above $1.00 per share (or above the Low Price Requirement, in the event the closing bid price of common stock falls below the Low Price threshold) in order to meet the continuing listing requirements of the Nasdaq Capital Market. Accordingly, our Board approved the Reverse Stock Split Proposal in order to help ensure that the share price of our common stock meets the continued listing requirements of the Nasdaq Capital Market. Our Board intends to effect the Reverse Stock Split only if it believes that a decrease in the number of shares outstanding is in our and our shareholders’ best interests and is likely to increase the trading price of the shares of our common stock and improve the likelihood that we will be allowed to maintain our continued listing on the Nasdaq Capital Market. However, our Board may determine to effect one or more Reverse Stock Splits even if the trading price of our common stock is at or above $1.00 per share (or above the Low Price Requirement, in the event the closing bid price of common stock falls below the Low Price Requirement).

TheGerries : why?

Betterthangold TheGerries : We seen a 10x increase in volume Friday, SEC filings legitimizing the company, $118 million cash and 49% short interest. Add the history of large moves, increased attention and were set for a gamma squeexe with a break above 1.25. If theres anymore positive news with growing FTD’s this could squeeze. Its possible.

TheGerries Betterthangold : let's pray and hope it cross 1.25 tomorrow. the meeting should be in china time during the day. watch pre market action if any.

空手套白狼 : Up.

JC88 : possibly 4-5 dollars if the news claim is true

Fucumoney : yeah $250

SniperInWood : almost 100% down from fresh all time high which represents lack of market excitement..Tesla currently presents a high-risk scenario without the requisite strong market catalysts or positive sentiment needed to justify an investment. anyway thanks for tactical complicated analysis

70107480 : The future is bright…..