Tesla Stock Split (Should you Buy?)
Why Did Tesla Do This?
“Tesla, Inc. (“Tesla”) announced today that the Board of Directors has approved and declared a five-for-one split of Tesla’s common stock in the form of a stock dividend to make stock ownership more accessible to employees and investors. Each stockholder of record on August 21, 2020 will receive a dividend of four additional shares of common stock for each then-held share, to be distributed after close of trading on August 28, 2020. Trading will begin on a stock split-adjusted basis on August 31, 2020.”
This will drop the price and make it more affordable now new investors and employees. After the announcement Tesla stock (TSLA) jumped 8% then fell off 2%.