Tesla announces 3-for-1 Split

Tesla announced a 3-for-1 Split on June 10, 2022 and it is seeking share holder approval of the split at the annual Tesla share holder's meeting on August 4, 2022.

Tesla's board has already approved a 3-for-1 stock split of the stock. Now, the stock split needs to be approved at the Tesla annual share holders' meeting on August 4, 2022.

The actual stock split date is still to-be-determined, but after the stock split, each share will be 1/3 the price of one share pre-split. Since the last Tesla stock split (5-for-1) on August 31, 2020, Tesla's per share stock price is up 75.7% as of this writing. Generally, when a stock split occurs since shares are cheaper, more investors can afford to buy the stock after the stock-split. Additionally, for every options contract that has not expired as of the stock split date, investors will get 2 additional contracts with strike prices that are 1/3 the original strike price. However, a common stock market disclaimer is that past market performance is not an indicator of future performance, so keep that in mind, if you attend to buy TSLA stock pre-stock-split or post-stock-split

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