Tesla's stock split is likely to send the share price even higher | Patrick Collinson

Tesla's stock split is likely to send the share price even higher | Patrick Collinson

4 years ago
Anonymous $qOHwDUKgAF

https://www.theguardian.com/technology/2020/aug/12/teslas-stock-split-is-likely-to-send-the-share-price-even-higher

More retail investors are expected to jump in now shares suddenly look relatively affordable

Elon Musk got nearly $4bn richer on Wednesday morning, probably before he even got out of bed. Why? Because on Tuesday evening Tesla (one-fifth owned by Musk) announced a “stock split” that in pre-market speculation early on Wednesday drove up the already stratospheric valuation of the company by another 7%.

Tesla's stock split is likely to send the share price even higher | Patrick Collinson

Aug 13, 2020, 8:14am UTC
https://www.theguardian.com/technology/2020/aug/12/teslas-stock-split-is-likely-to-send-the-share-price-even-higher > More retail investors are expected to jump in now shares suddenly look relatively affordable > Elon Musk got nearly $4bn richer on Wednesday morning, probably before he even got out of bed. Why? Because on Tuesday evening Tesla (one-fifth owned by Musk) announced a “stock split” that in pre-market speculation early on Wednesday drove up the already stratospheric valuation of the company by another 7%.