Dow Jones Industrial Average On the other hand, it’s tough to justify a 50% increase in value just because the absolute value of any stock price is lower. I've been a financial journalist for many years. Watch: Tesla is splitting its pricey shares in a 5-for-1 split. Have a confidential tip for our reporters? Tesla's stock jumped as much as 6% in after-hours trading Tuesday after the company announced a five-for-one stock split, set to go into effect on August 31. For the best Barrons.com experience, please update to a modern browser. And don’t forget many brokers already offer fractional shares: Investors can own a piece of Tesla for as little as $5. Trading will begin on a stock split-adjusted basis on August 31, 2020. Edward Ludlow, August 11, 2020, 5:28 PM EDT Move follows Apple and may presage other splits, analyst says Tesla is taking after Apple Inc., which Ives said other tech giants are likely to emulate. Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. The massive rally for the shares has priced them out of reach for some smaller retail investors just as the EV industry is capturing their imagination. That could mean another wild week of trading. Could Amazon, Chipotle or Netflix be next? All Rights Reserved, This is a BETA experience. S&P 500 The timing of the split may have come as a surprise to close followers of Tesla Chief Executive Officer Elon Musk’s Twitter feed. At the close of trading Aug. 28, shareholders will receive four new shares, for every one currently owned, totaling five. On Friday, Tesla’s stock jumped $48.15, or 2.4%, to an all-time high of $2,049.98. He was asked on June 30 whether he had any thoughts about a Tesla stock split and said it was worth discussing at the company’s annual meeting, which isn’t until Sept. 22. Each stockholder of record on August 21, 2020 will receive a dividend of four additional shares of common … Strictly speaking though, anyone who buys Tesla shares next week should still receive the additional shares. Write to Al Root at allen.root@dowjones.com. The split aims to capitalize on and support Tesla’s recent surge, which has pushed its market capitalization to more than $256 billion, exceeding the value of Toyota Motor Corp. and Ford Motor Co. combined. https://www.barrons.com/articles/tesla-stock-splits-this-week-get-ready-for-potentially-wild-trading-51598268601. While, the split doesn’t change the company’s value, the announcement of a split typically does. © 2020 Forbes Media LLC. stock is splitting after Friday’s close. This can be clearly seen by the 49% surge over the past 10 days. PALO ALTO, Calif., Aug. 11, 2020 (GLOBE NEWSWIRE) -- Tesla, Inc. (“Tesla”) announced today that the Board of Directors has approved and declared a five-for-one split of Tesla’s common stock in the form of a stock dividend to make stock ownership more accessible to employees and investors. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.

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