Tesla Announced one-to-five Split

Tesla Announced one-to-five Split

Tesla announced a one-to-five split Tuesday evening. The split will take effect after the transaction closes on August 31st. Following this move, which theoretically meant smaller investors could buy shares, Tesla shares rose more than 6% in post-market trading. Tesla shares have been on the rise, although many brokerage houses are currently offering fractional trading and this announcement has not changed anything fundamental to their stocks. With the latest developments, Tesla's shares more than tripled throughout the year, ie 228.54%. The stock recently reacted to Tesla's second-quarter earnings and qualified for the S&P 500. Tesla is currently 23.43% below its fourth-quarter profit, reaching an all-time high of $ 1,794.99 on July 13.