Tesla 3-for-1 Stock Split Date Set for August 25

Tesla announced the date its 3-for-1 stock split will begin: Thursday, August 25, 2022.

Company shareholders approved Tesla’s proposal for a 3-for-1 stock split at the company’s annual meeting of shareholders on Thursday.

On Friday afternoon, Tesla announced the following:

Tesla, Inc. (“Tesla”) announced today that the Board of Directors has approved and declared a three-for-one split of Tesla’s common stock in the form of a stock dividend to make stock ownership more accessible to employees and investors. 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 close of trading on August 24, 2022. Trading will begin on a stock split-adjusted basis on August 25, 2022.

The last day to get in before the stock split will be August 17, 2022.

Tesla shares closed down 6.6% to $864.51 per share. The company’s market cap stands at just over $900 million and is poised to break the trillion-dollar market cap once again.