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

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…