Tesla's board approves a 5-for-1 split in its soaring stock.
Investors will receive a dividend of four additional shares for each share they own on Aug. 21. Those shares will be distributed after trading closes on Aug. 28 and the stock will begin trading on a “split-adjusted basis” on Aug.
When did Tesla do a stock split?
Tesla announced a five-for-one split in mid-August 2020. Black reminded investors that from the time Tesla announced the split to when it actually happened at the end of the month, shares rose 81%. Then, from the actual split to year-end, Tesla stock added another 42%.
What was Tesla's stock before split?
Before its 4-for-1 stock split, it was trading at more than $500. Tesla stock, meanwhile, was down to around $480 a share from more than $2,000 before its 5-for-1 stock split.
