But whats next In late May, graphics chip-maker NVIDIA ( NVDA -3.36) surprised shareholders with an announcement that it would. The price of Tesla shares after the stock split will get divided by three. So if the split took place at Friday's closing price of $865 a share, the split-adjusted price would go down to $288. (-3.36) -4.06 Shares have surged ahead of the stock split. Typically, companies do 2-for-1 or 3-for-1, though Amazon recently executed a 20-for-1 split. Investors who owned Tesla stock on August 17 will receive an additional two shares after markets close on August 24.Ī stock split means a single share gets split into multiple shares. The first split for NVDA took place on June 27, 2000. Tesla's stock split will take effect on August 25. NVIDIA (NVDA) has 5 splits in our NVIDIA stock split history database. When does Tesla's stock split take effect?
Here is what the stock split will mean for Tesla shareholders and why it could end up being a lucrative action. This follows the recent stock splits from a string of tech companies including Google, Shopify, and Amazon. It's the second stock split for the company in less than two years. Tesla said the stock split can "help reset" share prices so that employees "have more flexibility in managing their equity" and to be "more accessible to our retail shareholders." This will have shares of NVDA stock trading on a stock. The Friday announcement came just one day after Tesla's shareholder meeting at its new headquarters in Austin, Texas. If the stock split plan gets approval, the extra shares of NVDA will be distributed to shareholders when markets close on July 19, 2021. Tesla's three-for-one stock split is official.
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