Tesla 3 for 1 forward stock-split trading will begin tomorrow August 25 on a split-adjusted basis
Tesla [TSLA) has performed a stock split today August 24th, 2022. The EV company Tesla 3 for 1 forward stock-split trading will begin tomorrow August 25 on a split-adjusted basis.
Currently, Tesla’s stock is trading at 899.00 per share, so tomorrow it will be trading at approximately 300.00 per share provided it remains at its current price.
a stock split does not change the stock evaluation or market value just the number of shares available
stock splits often make previously ‘expensive’ shares more attractive to retail investors and this is likely to be the case for Tesla given the popularity of the brand and reputation of the stock
The split will offer smaller investors a cheaper entry point into the EV giant
also means that current shareholders can expect to see the number of shares they own multiplied by 3
Tesla’s last stock split occurred in 2020. At the time, Tesla’s stock was trading at around $1,300 a share, when it performed a 5 to 1 forward stock split. The split resulted in the price per share being reset at around $460 per share and a valuation of about $430 billion.
