BREAKING: Tesla Announces a 5-1 Split & Surges In After-hours Trading

tesla announces 5-1 share split
Business Education, Investing, Market Insider, Stock Market, Trader Talk
Business Credit Cards

Late Tuesday, the electric car manufacturer, Tesla broke the news that they were providing a 5-for-1 stock split. In after-hours trading, the stock surged 6% and this should in turn, provide smaller investors access to the stock at a lower price. How much, is questionable, because of institutional investors holding a majority of shares.

“Each stockholder of record on August 21, 2020 will receive a dividend of four additional shares of common stock for each then-held share, to be distributed after close of trading on August 28, 2020. Trading will begin on a stock split-adjusted basis on August 31, 2020,” Tesla said.

They recently announced a $1.1 billion gigafactory in Austin, TX

This is a breaking story. Stay tuned for additional details.


Subscribe to our free daily news summary:
Call Put Strike Insights


Subscribe to our free daily news summary:
Call Put Strike Insights

Products You May Like

Articles You May Like

StocksForYou Stock: The Ultimate Stock Recommendation Service for High Growth Stocks
Choosing The Best Credit Card for your Spending Habits
Investors Who Invested In COVID-19 Hit Bonds Rewarded With Huge Returns
Bitcoin Ready To Rally To $70,000 level As Institutional Demand Remains High
Credit Suisse Executives Step Down Following The Archegos Capital Saga
Video Of Ten-Year-Old Boy Abandoned At The Mexico-Texas Border Goes Viral
Deliveroo Holdings PLC (LON:ROO) IPO Disappoints As Sell-Off Persists

Leave a Reply

Your email address will not be published. Required fields are marked *