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Tesla’s (NASDAQ:TSLA) three-for-one stock split is effective today, with post-split trading starting tomorrow – August 25, 2022.
As part of the already approved split each stockholder of record on August 17, 2022 will receive a dividend of two additional shares of common stock for each then-held share, to be distributed after the close of trading on August 24, 2022.
Trading will begin on a stock split-adjusted basis on August 25, 2022.
With shares at around $900 tonight, they will be around $300 when traders wake up on Thursday.
The 2020 Tesla stock split ended up being a massive catalyst for the stock.
