Tesla shares are about to get a lot cheaper with three-for-one stock split

The stock will begin trading on a split-adjusted basis on August 25th.Tesla (TSLA) shareholders approved the split Thursday at the company’s annual shareholders’ meeting. Following the split, a person who owned one share of the company will hold three, and the price of each of those shares will be one-third of the price at that time. At Friday’s closing price of roughly $865, that would make the post-split price per share just about $288. Stock splits are usually done to increase a stock’s liquidity, making it easier for investors to buy and sell the shares. Essentially, the move will triple the number of Tesla shares on the market, but

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