Tesla stock set for 3-for-1 split after market close


17 May 2021, Brandenburg, Grünheide: Elon Musk, Tesla CEO, stands on the construction site of the Tesla factory and greets with his hard hat.

Picture Alliance | Picture Alliance | Getty Images

Investors in Elon Musk‘s electric vehicle company will get two additional Tesla shares after the market close on Wednesday. And they will begin trading on a split-adjusted basis Thursday.

Tesla shares were up about 1.8% Wednesday morning in anticipation, even though the stock split won’t change anything fundamental about the company’s stock.

Shareholders voted to approve the 3-for-1 Tesla stock split at the company’s annual meeting on Aug. 4 in Austin, Texas.

Theoretically, the split means that more…


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