{"id":45586,"date":"2022-06-10T23:53:02","date_gmt":"2022-06-10T23:53:02","guid":{"rendered":"https:\/\/harchi90.com\/tesla-stock-is-about-to-get-much-cheaper\/"},"modified":"2022-06-10T23:53:02","modified_gmt":"2022-06-10T23:53:02","slug":"tesla-stock-is-about-to-get-much-cheaper","status":"publish","type":"post","link":"https:\/\/harchi90.com\/tesla-stock-is-about-to-get-much-cheaper\/","title":{"rendered":"Tesla stock is about to get much cheaper"},"content":{"rendered":"
The company announced Friday that its board approved a 3-for-1 stock split, its first split since August 2020.<\/div>\n
Tesla<\/span> (TSLA<\/span>)<\/span> closed Friday at a little over $ 696 per share. If the split were to happen today, its stock would be worth $ 232 a share.<\/div>\n

Don’t worry, Tesla stockholders (which is pretty much everyone with a retirement account, these days) – your stakes will still be worth the same. You’ll be holding three times more shares when all is said and done.<\/p>\n

Companies split their stocks for numerous reasons: Splits can put their stock within the reach of smaller, individual investors. It helps companies gain liquidity and splits can create more demand for a company’s stock.<\/div>\n
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Although deep-pocketed institutional investors don’t care about the company’s overall stock price, individual investors might be turned off by high-priced shares. The growth of zero-fee trading apps, including Robinhood, E-Trade and others, have made stock splits much more important in recent years.<\/p>\n

Tesla said it took those factors into consideration – as well as employees who get paid in company stock. <\/p>\n

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