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Tesla plans 5-for-1 stock split; shares have tripled so far this year

1 month ago   |   By Chicago Tribune

The five-for-one stock split announced Tuesday won't change how much Tesla's business is worth, but will automatically reduce the price of its shares by 80% and could spark a rally.
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Tesla leaps 7% after 5-for-1 stock split makes shares more affordable

Tesla leaps 7% after 5-for-1 stock split makes shares more affordable

1 month ago   |   By Business Insider

Tesla stock rallied as much as 7% in early Wednesday trading after the company revealed a five-for-one stock split scheduled for August 28.
Every Tesla shareholder will receive four additional shares that, when added to their existing share, will equal the stock's pre-split value.
The split itself won't change Tesla's market cap but may pull in smaller investors who couldn't previously afford shares. The stock closed above $1,370 per share on Tuesday.
Splitting shares now "is a smart strategic move at the right time," Wedbush analyst Dan Ives said, as Tesla stock has more than tripled so...
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