Will Tesla Do a Stock Split in 2018?
Stock splits might not do anything to affect the intrinsic value of a company, but many investors still look forward to seeing the companies in their portfolios split their shares. So far, electric vehicle pioneer Tesla (NASDAQ: TSLA) has never done a stock split, even though CEO Elon Musk has expressed plenty of confidence in the company's future. Having seen its stock jump as much as 20-fold from its $17-per-share IPO price just seven years ago, Tesla shareholders are curious whether a stock split could make the share price move higher and add to their long-term gains.
Often, a big share-price gain prompts a company to do a stock split. Tesla's move higher over the past few years has certainly justified a closer look at the stock. Even more recently, a jump from below $200 per share toward the end of 2016 to nearly $400 earlier this year drew a lot of attention, even from investors who are skeptical about the prospects for Tesla shares ever to split.
Source: Fool.com
Tesla Inc Stock
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