Please note that Tesla (TSLA) stock will be split in a 3-for-1 offering on Thursday, August 25th 2022. Common shares will trade at the new split-adjusted price.
What will this split mean to investors?
Each share of Tesla (TSLA) stock split that an investor owns before August 25th 2022, will be eligible for the stock split. Investors will receive two additional shares for each share, and the share price will be divided by 3.
Here is an example:
|Pre-Split||Post-Split||As of August 25th, 2022|
|Shares held||100 shares||300 shares||Shares are multiplied by 3|
|Share Price||$900 per share||$300 per share||Share price is divided by 3|
|Value||$90,000||$90,000||Total value remains equal|
All pending orders will be deleted, including Buy Limit, Sell Limit, Buy Stop, Sell Stop, Buy Stop Limit, and Sell Stop Limit.
How does a stock split affect short sellers?
A stock split does not affect short sellers in a material way. There are some changes that occur as a result of a split that affects the short position, but they don’t affect the value of the short position(s).
The time and date mentioned in the notification are based on the platform time (GMT+3) and may be subject to change.
Ref: IVM 074-2022