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Down 42% From Its High, Could Tesla Stock Rebound After Its Stock Split?

·4 min read
Down 42% From Its High, Could Tesla Stock Rebound After Its Stock Split?
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Tesla (NASDAQ: TSLA) is planning a 3-for-1 stock split, according to a recent filing with the Securities and Exchange Commission (SEC). While stock splits have no direct impact on business performance, they do reduce the price of each share, which makes the stock more accessible to retail investors. Unfortunately, stock splits don't always trigger price appreciation, and there are several other variables at play.