Tesla Stock Split August 24th
Tesla on August 24th 2022 will have a 3 to 1 stock split. This is less than two years from its first ever stock split of 5 to 1. For those who have held their shares before the split and still holding will have 15 shares as of August 25th 2022 market open. The stock price would be dividend evenly in the amount of stock split so for instance today's closing price of $900 / share then tomorrow it would be 3 shares and each at $300. The holders do not gain or lose any value from the split but there are now more shares available to trade.
First 5 to 1 Split in 2020
The first TSLA split happened 10 years since its ipo and it provided positive gains in price per share. In fact if TSLA shares were not have done the split each share would currently be worth over $4500. The IPO share of TSLA was $17 in June 2010.
Since its IPO the stock value has increased over 4000% making it the best tech performer since inception. Beating out AMZN and APPL which in its own rights have resin a lot.
Is Tesla A Buy?
A stock split technically does nothing to the company or the company value. All it does it increase the amount of shares that could be traded. With today's 21st century trading adoption of fractional shares the stock split really has no benefit. However Tesla maybe aiming toward gaining some bullish momentum with a stock split since it worked in 2020.
Year to date TSLA had dropped more than 25%. The hope for a stock split to pump stock prices maybe partly the reason why there is a stock split. Do you have the FOMO to jump into TSLA now if you have yet to do so since its first stock split? Should the stock split even effect your decision to buy the stock?
None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!
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It's hard to tell but I think the price action tends to be bullish going into the stock split. I still think Tesla is a bit too expensive but I guess it's still higher compared to when the stock got split 2 years ago.
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I don’t think it’s a bad thing honestly but the human mind can easily be deceived seeing lower price means it’s a deal when it fact it’s just some accounting manipulation with the stocks.