Tesla has confirmed with the Securities and Exchange Commission that the three-to-one stock split will happen on Thursday, August 25, 2022.
The date comes from the Tesla’s Form 8-K sent to the SEC.
Thanks to Twitter star, Sawyer Merritt for the find!
https://twitter.com/SawyerMerritt/status/1555648897208537088?cxt=HHwWgMC-lcGb45YrAAAA
As per the form:
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.
Tesla stock did not respond positively to the news from yesterday.
In fact, the stock dropped $61.39 today but did get a slight bump in after-hours trading.
The last time that Tesla announced a stock split, they saw a massive run in the lead-up to the split.
So, it will be interesting to track how the stock does over the next couple of weeks in the run-up to August 25.
