Tesla shares are much, much cheaper Monday after the stock’s 5-1 split.
Even though Tesla’s stock closed 12.5% higher at $498.32 a share Monday, that’s still around $1,800 cheaper than where it was trading on Friday. The company announced the stock split earlier this month, making shares more affordable for average investors.
The split will not change the value of investors’ total holdings of the company. It will just grow the number of shares making up their portfolios. Tesla (TSLA) stockholders are getting four shares for each share they held last week.
