leadf
logo-loader
viewTesla Inc

Tesla to make shares more accessible with five-for one stock split

Following the stock split, the price would be around US$275 but the market capitalisation will not be affected

Tesla Inc -

Tesla Inc (NASDAQ:TSLA) has said it is to split its shares to make them more accessible to employees and investors after their surge in value over the past six months.

The five-for-one split will apply to shares held on August 21 (record date) with the new ones to be distributed on August 28 and trading to begin after the stock split on August 31.

Priced currently at US$1,374 the stock has more than trebled this year to date and gives the electric auto-maker a market capitalisation of close to US$220bn.

Following the stock split, the price would be around US$275 but the market capitalisation will not be affected

Tesla’s CEO Elon Musk, likened to a real-world Tony Stark or Lex Luther, is simultaneously revolutionising multiple industries - motor vehicles, renewable energy, battery power – whilst reinvigorating America’s space business, boring giant holes beneath Los Angeles and working on technologies to directly integrate humans with computers.

Quick facts: Tesla Inc

Price: 597.95 USD

NASDAQ:TSLA
Market: NASDAQ
Market Cap: $573.94 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Metal Tiger on Kitlanya East copper-silver project progress and oncoming...

Metal Tiger PLC's (LON:MTR) Michael McNeilly catches up with Proactive London's Katie Pilbeam after reporting progress at the Kitlanya East copper-silver project in Botswana, operated by Kalahari Metals Ltd (KML). McNeilly explains the potential for the South Fold target to host copper-silver...

2 days, 6 hours ago

2 min read