Great news from Elon Musk: Tesla shares will be 5 times cheaper! Soon, on August 31st, Tesla will split its stocks five to one.
It means that every stock will be divided into 5 parts and the stock rate will fall by 5 times.
It’s no secret that Elon Musk is very much concerned about making his product and his business affordable for everyone. The main expected result is that it will be much more easy and affordable to invest in Tesla
This will not affect stockholders or the company capitalization whatsoever.