Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Tesla Files for 3-for-1 Stock Split

Published 06/10/2022, 04:22 PM
Updated 06/10/2022, 04:31 PM
© Reuters

By Yasin Ebrahim

Investing.com -- Tesla details plans Friday for a 3-for-1 stock split to make its shares more accessible to retail investors, according to a regulatory filing Friday. 

Tesla Inc (NASDAQ:TSLA) was up 1.2% in afterhours trading following the announcement.

The announcement from Tesla, ahead of its annual shareholder meeting on Aug. 4, follows in the footsteps of some of its bluechip peers including Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN), with the latter's 20-for-1 split taking effect earlier this week.       

Latest comments

North Korea. feel sorry for any investor that think this pump and dump guy is to be listened to.
This is a cheap gimmick, adopted by companies when bereft of ideas.Why 3for 1split? Why not 10:1 or 20:1? No justification.Tesla should make better and cheaper cars to make it accessible to more people.
great timing as the shares start sliding back to 100 USD
it should build more , better and cheaper cars instead of trying to be "trendy fame surfer"...boring
Lol, the battery has to be cheaper to make. Don't worry yourself TESLA is working on it.
Hey Elon, Amazon had a bigger stock split…lol
ah yes but Amazon is struggling
Hey Joey, inform yourself... The Tesla stock split was commmunicated months back and it was expected to happen in August... Also for 1/20... So this ls 1 to 3 is surprising...
I've got something Elon hasn't: enough money
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.