When is Tesla’s stock split, and what does it mean for investors?

Tesla will split its stock Aug. 24. Shareholders as of Aug. 17 will receive what amounts to a dividend of two additional shares for each share they own. Trading will begin on a split-adjusted basis Aug. 25. (Photo: Reuters) — Tesla will split its stock Aug. 24. Shareholders as of Aug. 17 will receive what amounts to a dividend of two additional shares for each share they own. Trading will begin on a split-adjusted basis Aug. 25. (Photo: Reuters)

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2 min read . Updated: 23 Aug 2022, 06:39 PM IST Hannah Miao, The Wall Street Journal

EV maker joins other megacap companies that have split their stocks this year

Tesla Inc. will split its stock this week, the latest megacap company to divide its highly priced shares this year in a bid to make them more accessible to investors.