#QuickNews Tesla’s stocks will split!
Tesla’s shareholders met and decided to make a 3-for-1 stock split.
So every shareholder will see 2 extra shares in their portfolios.
The shares will trade at split-adjusted price on August 25.
➠ stock split is an increase in the number of shares of a company without a change in the shareholders’ equity (the market capitalization, so the value investors have in their portfolio).
➠ a stock split helps make a stock more affordable to retail investors, since the price of one share has gone down. Anyway, nowadays it is possible, with some brokers, to buy fractional shares of a company.
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