Tesla (TSLA) stock is undergoing a three-for-one stock split on August 24, 2022

Tesla (TSLA) stock will be undergoing a three-for-one stock split on August 24, 2022. For every Tesla share you own, you will receive an additional 2 shares.

Though the price of a Tesla share will be 1/3rd of the closing price on August 24, 2022, the overall dollar value of your Tesla holdings will not change due to the split.

For example, if you owned 2 Tesla shares at $900 USD per share on August 24, 2022 for a total investment of $1,800 USD, then you will own 6 Tesla shares at $300 USD per share after the stock split for the same $1,800 USD amount (assuming there are no changes to the stock’s value).

Tesla (TSLA) markets will be open until 20:00 UTC on August 24, 2022 if you wish to sell your Tesla shares before the stock split. All open orders that have not been filled will be cancelled while the Tesla markets are disabled.

If you have any questions, please contact our support team

Read the original article at bittrex

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