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

→ Continue reading at CNN - Business News

More from author

Related posts


Latest posts

Letters: Impeding housing | Rewriting Constitution | All should vote | Democrats’ messaging | Call for peace

Submit your letter to the editor via this form. Read more Letters to the Editor. Protesters impedebadly needed housing Re. “Clashes halt...

High school football fall camp: Is Bellarmine ready to take the next step?

SAN LEANDRO, CA – SEPTEMBER 10: Bellarmine’s Ben Pfaff (23) heads for the end zone to score a touchdown against...

Opinion: Why a recession might not mean huge job losses

.leftside-floating-image { width:100%; display:block; margin:0 auto 1.5rem; } @media screen and (min-width: 200px) { .leftside-floating-image { float:left; width:50%; max-width: 200px; display:block; margin:0...