Tesla Share Split Becomes Official Today
Shares of Tesla (NASDAQ: TSLA) on Monday will trade at a price much lower than Friday's close. But that's no reason for investors to panic.
The automaker's previously announced 5-for-1 stock split is set to take effect at the opening bell, meaning that holders will own five shares for each share they held prior to the opening. The price will be adjusted accordingly: Tesla closed at $2,213.40 on Friday, which is $442.68 per share following the split.
Image source: Tesla.
Source Fool.com
