By Matthew Makowski Splitsville has a new resident by the name of Tesla (Nasdaq: TSLA) . But unlike celebrity breakups, the Tesla stock split has an impact beyond making the cover of checkout aisle gossip magazines.
The electric vehicle maker’s board just approved a five-for-one split of the company’s stock. This is newsworthy for two major reasons. One is that stock splits have grown much less common in recent years… Due at least in part because high stock prices are a badge of honor. The other reason is the announcement of the stock split has triggered a substantial boost in share price.
Tesla’s stock price …read more
