• Tesla 1:3 stock split completed
• Tesla stock now more accessible due to optical discount
• Small investors could now access Tesla more easily
After Alphabet, GameStop and Amazon, Tesla, another well-known US company, has split its shares within a few weeks. As specified in June and approved by the Annual General Meeting at the beginning of August, a split of Tesla shares in a ratio of 1 to 3 was completed on Wednesday after the close of trading on the US stock exchanges. For every share held, Tesla investors received two additional shares in their portfolio. The stock traded on a split-adjusted basis for the first time this Thursday.
Tesla stock looks cheaper
The price of the Tesla share is optically cheaper according to the higher number of shares. Tesla shares were trading at $891.29 on the NASDAQ at the close yesterday. This course is now divided into three. Accordingly, all previous prices of the share certificate are also recalculated on a split-adjusted basis. In NASDAQ trading on Thursday, a share in the electric car manufacturer last traded 296.07 US dollars. This corresponds to a minus of 0.35 percent.
The stock market value of the group around Elon Musk is not affected by the measure. The total value of Tesla shares in investor portfolios also remains the same, as the lower price is offset by the higher number of shares. Due to their lower price, however, the papers are becoming more attractive again, especially for small investors.
Tesla 2020 with a stock split for the first time
For investors who have been invested in Tesla for some time, this is not the first stock split. Most recently, the e-car pioneer carried out a corresponding capital measure in August 2020. At that time, the shares were split 1 to 5.
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