Tesla Stock's Historic Split: A Comprehensive Guide
Understanding Stock Splits
Stock splits occur when a company divides its existing shares into a larger number of shares. This process makes the individual shares more affordable for retail investors without altering the company's overall valuation.
Tesla's Stock Split History
Tesla has undergone several stock splits throughout its history:
- 2010: 1-for-3 split
- 2015: 1-for-2 split
- 2020: 1-for-5 split
- 2022: 1-for-3 split
Upcoming Stock Split
Tesla's Board of Directors recently approved a 1-for-3 stock split, which will take effect on August 25th, 2022. This means that for every share held on August 17th, 2022, investors will receive two additional shares.
Post-Split Predictions
Analysts predict that Tesla's stock will perform well after the split. Some estimates suggest that the stock could reach $500 by 2023.
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