Tesla Stock Split Price
Tesla has never done a stock split before so history can t guide us.
Tesla stock split price. Tesla s stock split is likely to send the share price even higher. However the answer lies more in short term market psychology than long term fundamental business prospects. But logic left the tesla share price long ago. Surged 8 on wednesday a day after the silicon valley car maker s board approved a five for one split of the company s stock.
Said it would enact a 5 for 1 stock split after a share price surge over recent months vaulted the electric vehicle maker to the status of most valuable car company as chief executive. Tesla shares launched as much as 7 higher in early wednesday trading after the automaker announced a five for one stock split set for later this month. Tesla shares have rocketed from 229 a year ago to around 1 500 in recent weeks. 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 per cent when it s completed on aug.
The electric car maker s stock is close to 1 400 a share. Every tesla shareholder will receive four.