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Tesla announces 5-for-1 split to make its shares more accessible

Tesla announces 5-for-1 split to make its shares more accessible

Shares of Tesla Inc. surged more than 7% Tuesday after the car maker’s board approved a five-for-one split of the company’s stock. The decision won’t change how much Tesla’s business is worth, but will automatically reduce the price of its shares by 80% when it’s completed on Aug. 31. The move was geared to ’make stock ownership more accessible to employees and investors,’ the company said.

Mocking Moniker
Mocking Moniker
Dagelf
Dagelf 1 months

Apple started a trend.... It's purely psychological, just like 80% of actual human stock trades probably are...

Oliver Biscuit
Oliver Biscuit 1 months

Wow good stuff current stock holders.

atlas shrugged
atlas shrugged 1 months

Fascinating how stock splits drive up prices. Same pie, different number of pieces. Especially these days where ability to buy fractional shares is available.

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