No, Tesla Is Not Down 80%: EV Stock Split Takes Effect Today

Tanzeel Akhtar

Mon, Aug 31, 2020, 7:57 AM1 min read

In this article:

Tesla Inc (NASDAQ: TSLA) shares have been adjusted to reflect a 5-for-1 stock split from Friday's closing price of $2,238.75 to $442.68 ahead of the opening bell Monday.

That's why the stock is shown as being down 80.23% on Google.

The stock was trading 0.68% higher at $445.70 at the time of publication premarket Monday.

Tesla investors who owned the stock as of Aug. 28 received split shares in their trading accounts following the aftermarket close Friday.

Stock Splits: The stock split is expected to attract new investors. Stock splits are generally seen as a positive by the market. Stocks are often in a position to split only after an extended period of strong returns.

Once the price of a stock or fund gets too high, even single shares may become too expensive for small retail investors, limiting demand.

Related Links:

What Tesla Investors Should Know Ahead Of Stock Split

Elon Musk Talks Neuralink, Brain Stimulation And AI With Joe Rogan

Photo courtesy of Tesla.

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No, Tesla Is Not Down 80%: EV Stock Split Takes Effect Today

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