The price of Tesla, an American electric car maker, will be adjusted to ‘three hundred sl’, which is close to $300 per share.
According to economic media Forbes, etc., Tesla will start trading from the 25th (local time) to a third of the closing price on the 24th.
This is in accordance with the resolution of the stock split in a 3:1 ratio at the general shareholders’ meeting on the 4th.
Tesla closed at $891.29 on the New York Stock Exchange on the 24th.
Accordingly, Tesla will start trading at a price of $297 per share from the 25th, reflecting the split ratio.
Existing Tesla investors will receive an additional two shares for each share held as the stock split takes effect.
For example, an investor who owns 10 Tesla shares will triple their holdings to 30 shares.
Stock split refers to splitting already issued stocks and distributing them according to the share ratio, and the price per share becomes cheaper than before, resulting in easier trading.
“The stock split does not affect the company’s market value,” Forbes said, “but it might lead to a short-term rise in the stock price, as it lowers the stock to a price point that individual investors can hold.”
/yunhap news
