Tesla stock split

'The core of an investment will always rest on the competitive position of the company, its financial strength, management acumen and then...

Not one of those changes in the case of a stock split." Amazon carried out a 20-for-1 split for exactly this reason in the summer," said AJ Bell investment director, Russ Mould. "Although this is a constant tug-of-war between the bulls and the bears, as a divisive stock with a CEO who is no stranger to controversy, most analysts on Wall Street are optimistic on Tesla with a majority of buy recommendations on the stock." Terming a split "just a cosmetic exercise and one that in no way changes the fundamentals of the company, or the investment case for it," Mould said the core of the investment case still rests "on the competitive position of the company, its financial strength, management acumen and then valuation. Elon Musk's Tesla stock has attracted a high level of interest from retail investors, and the stock split makes it easier for them to invest. To reflect the stock split and improved production in China after recent lockdowns, broker Wedbush has set a 12-month price target of US$360.

Tesla's stock price is set to drop at the opening bell Thursday, but not because of anything Elon Musk tweeted about demand for electric vehicles, ...

More information about [cookies](/cookie) [demand for electric vehicles](http://www.cnn.com/2022/08/15/business/tesla-million-cars-china/index.html), ['full self-driving' features](http://www.cnn.com/2022/08/22/business/tesla-fsd-price-increase/index.html), SpaceX updates, [silly memes](http://www.cnn.com/2022/08/17/business/elon-musk-manchester-united-hnk-intl/index.html) or his [legal battle with Twitter.](http://www.cnn.com/2022/08/23/tech/twitter-whistleblower-elon-musk-deal/index.html) [cookies](/cookie), [revised Privacy Policy](/privacy)and [Terms of Service](/terms).

Following the annual meeting of Tesla stockholders on August 4, when investors voted in favor of a 3-for-1 stock split, TSLA shares will start trading today ...

The plant is expected to play a key role in the automaker's goal of achieving a 2 million annual vehicle run rate by the end of 2022. [completed its upgrades of the Giga Shanghai's Model 3 and Model Y assembly lines](https://insideevs.com/news/600789/tesla-giga-shanghai-3000-cars-day-after-upgrades/). Wedbush managing director Dan Ives, one of the top Wall Street analysts covering Tesla, said he's raising the price target on Tesla from $333 a share to $360 a share post-split.

Tesla's 3-for-1 stock split is now live, but investors should be focusing on the company itself. Electric vehicle powerhouse Tesla (TSLA -0.04%) is the ...

That places the stock at a [price-to-earnings multiple](https://www.fool.com/investing/how-to-invest/stocks/price-to-earnings-ratio/) of 90, which is three-times higher than the Nasdaq 100 technology index's multiple of 27.2, for example. The company's gross margin has steadily climbed alongside the number of cars it has produced, which means as Tesla grows larger and makes more cars, it's also becoming even more profitable. Between 2017 and 2021, the metric expanded at a compound annual rate of 46% and based on analysts' estimates of $83.9 billion in 2022 sales, that growth rate will accelerate to 56% this year. For investors, that growth has coincided with a more than 1,100% gain in Tesla stock over the past five years. It means the number of Tesla shares in circulation increased threefold, which has cut the price of each share by two-thirds, from $891.30 to $297.10. Tesla is the world's leading manufacturer of electric vehicles.

Wedbush analyst Dan Ives raised his Tesla price target to $360 from $1000. That math doesn't seem to work, but Tesla stock split three-for-one.

](https://www.barrons.com/market-data/stocks/tsla) [Dan Ives](https://www.barrons.com/articles/tesla-stock-price-target-cut-china-headwinds-51652962445?mod=article_inline) changed his target for [stock split](https://www.barrons.com/articles/tesla-stock-split-elon-musk-51661357654?mod=article_inline) of course.

Split, which has just taken place, won't affect Morningstar's view on the company, which senior equity analyst Seth Goldstein values at US$760 per...

Cybersecurity firm Palo Alto Networks ( [PANW](https://www.morningstar.ca/ca/report/stocks/performance.aspx?t=0P0000WI3J&lang=en-CA)) will [split its stock](https://investors.paloaltonetworks.com/static-files/2655de46-df5a-4a15-ac9b-fde81baae9f0) on September 14 on a 3-for-1 basis. The electric vehicle maker had been proposing a possible split since early this year, which was approved by shareholders during the company's annual [meeting](https://www.morningstar.com/articles/1105763) on August 4, 2022. The company's last stock split was on a The split won't affect Morningstar's view on the company, which senior equity analyst Seth Goldstein values at $760 per share. [AMZN](https://www.morningstar.ca/ca/report/stocks/performance.aspx?t=0P000000B7&lang=en-CA)) and Alphabet ( [GOOG](https://www.morningstar.ca/ca/report/stocks/performance.aspx?t=0P00012BBI&lang=en-CA)) ( [GOOGL](https://www.morningstar.ca/ca/report/stocks/performance.aspx?t=0P000002HD&lang=en-CA)) [have already split their shares in the past few months](https://www.morningstar.co.uk/uk/news/225007/googles-stock-split-explained.aspx). [TSLA](https://www.morningstar.ca/ca/report/stocks/performance.aspx?t=0P0000OQN8&lang=en-CA)) shares are set to split for the second time in the past two years.

Tesla's (TSLA) 3-for-1 stock split has arrived. The company declared the split in early August. Shares ended yesterday at $891, and began trading at roughly ...

[TSLA](https://www.investopedia.com/markets/quote?tvwidgetsymbol=TSLA)) 3-for-1 [stock split](https://www.investopedia.com/terms/s/stocksplit.asp) has arrived. [dividend](https://www.investopedia.com/terms/d/dividend.asp) of two shares for each share held after the close of trading. In the month following the split, Tesla shares dropped about 14%, but recovered in less than two months, and were up about 36% six months after the split. The company [declared the split](https://www.investopedia.com/tesla-tsla-shareholders-approve-3-for-1-stock-split-6363331) in early August. The stock split makes the shares less expensive, and more accessible for a wider base of [retail investors](https://www.investopedia.com/terms/r/retail-sales.asp). [discretionary spending](https://www.investopedia.com/terms/d/discretionary-expense.asp)," said Caleb Silver, Editor-in-Chief of Investopedia.

After the 3-to-1 split, Tesla's shares were trading at about $302, a third of where they stood prior to market open. Shares later fell to about $296. Investors ...

Prior to a drop over the past week, the stock had risen more than 13% since a month ago. That drop is in line with each of the three major stock indexes, [a Nasdaq study](https://www.nasdaq.com/articles/3-compelling-reasons-for-companies-to-split-stocks-2019-09-12) that examined stock splits at large companies between 2012 and 2018. It also indicates confidence that the share price will eventually rise to a level near or surpassing where it stood before the split. Investors received two additional shares for each share they held prior to the split. Over the past month, Tesla stock has surged, rising more than 6% as of early trading on Tuesday.