Oooh! What a tease.
Back in the spring Tesla (TSLA) sorta announced a likely stock split on Twitter. Without a date.
Then two weeks ago, company shareholders approved the anticipated 3/1 split. Without a date.
Finally, on Friday, August 5, in documents filed with the Securities & Exchange Commission (Elon Musk’s favorite bunch of regulators) the company put dates to the split
The record date for holding the shares and getting the split distribution of 2 shares for every one held, is August 17. The distribution date for the additional shares is August 24. On August 25 Tesla stock will begin trading at the split-adjusted price.
I hold shares of Tesla in my Volatility Portfolio on my paid JubakAM.com site. That position is down 15.25% as of noon on Monday, August 8, from my pick date of November 10, 2021. I will continue to hold the shares on the likely gains (as illogical as they might be) on the split.
