No, Tesla Is Not Down 80%: EV Stock Split Takes Effect Today

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    Tesla Inc (NASDAQ: TSLA) shares have been adjusted to reflect a 5-for-1 stock split from Friday’s closing price of $2,238.75 to $442.68 ahead of the opening bell Monday.

    Tesla investors who owned the stock as of Aug. 28 received split shares in their trading accounts following the aftermarket close Friday. 

    Stock Splits: The stock split is expected to attract new investors. Stock splits are generally seen as a positive by the market. Stocks are often in a position to split only after an extended period of strong returns.

    Once the price of a stock or fund gets too high, even single shares may become too expensive for small retail investors, limiting demand. 

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    SOURCE: https://www.w24news.com

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