Trailing-12-month vehicle deliveries at the time of Tesla's stock split announcement were about 388,000. Tesla stock down 1.3% premarket, after dropping 13.5% amid 3-day losing streak through Thursday Mar. Fred is the Editor in Chief and Main Writer at Electrek. As you can see, there’s a clear correlation between the number of shares shorted and the price of Tesla’s stock. Microsoft has split its stock nine times since its initial public offering in 1986, the first in 1987 and the most recent split in 2003. What do you think? However, the answer lies more in short-term market psychology than long-term fundamental business prospects. Further, ⦠Investors have jumped on the announcement to vacuum up more shares in anticipation of Teslaâs addition to the S&P 500 index. Surprisingly, it hasn’t stopped rising since then. (adsbygoogle = window.adsbygoogle || []).push({}); Earlier this month, Tesla announced a 5 for 1 stock split that sent the stock price surging. TSLA is now up 40% since announcing the stock split without any other major catalyst happening in the meantime. Alphabet Inc. (NASDAQ: GOOGL) has a market cap of just over $1 trillion and is the fourth largest company in the United States. Tesla’s stock appears to be unstoppable over the last 3 months, again despite no major announcement: One of the possible reasons is a slow burn short squeeze as more short sellers are giving up on Tesla. High-flying tech stocks are not among those troubled companies, however, and itâs not unreasonable to speculate on which of the tech giants could follow Apple and Tesla in splitting their shares. Only one of this group has executed a stock split in the past five years, while one has not split its stock since the last century and another never has. Although the stock ⦠The stock traded at around $3,150 a share Tuesday. In comparison, Apple, who also announced a stock split two weeks before Tesla, has been up 20% since the announcement. Split history database is not guaranteed to be complete or free of errors. StockSplitHistory.com is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. Of 15 other stock splits announced in August, 13 are reverse splits, where one new share is issued for some number of already existing shares. Teslaâs stock (TSLA) has surging to$2,000 a share ahead of the stock split and the shorts are running away. Since its IPO in 2004, Alphabet (originally named Google) has executed just one two-for-one stock split. A $1,000 investment in Netflix stock at the IPO price would be worth more than $400,000 today. Facebook has never split its stock. Shares of the electric vehicle maker added about 8.3% in early trading Wednesday, to around $1,488 per share. Tesla's announced five-for-one stock split, combined with an earlier four-for-one split at Apple, may persuade a few of the other high-flying tech stocks to make a similar move. Let us know in the comment section below. Image source: Tesla. Assuming a share price of $1,500 at the end of the month, the split-adjusted price on August 31 would be $300 per share. More importantly, I think they should stay away during Tesla’s battery day, but it might also end up being a classic “buy the rumor, sell the news” type of event. Amazon.com Inc. (NASDAQ: AMZN) has a market cap just under $1.6 trillion, making it the third-largest U.S. firm. Microsoft Corp. (NASDAQ: MSFT) has a market cap of around $1.6 trillion and is the second most valuable U.S. company, trailing only Appleâs market cap of $1.9 trillion. On August 31, the five-for-one stock split went into effect, lowering Teslaâs sky-high share price of $2,230 to $446 and making the stock more accessible for new investors. Through Zalkon.com, you can check out Fred’s portfolio and get monthly green stock investment ideas. Shorts down -$23.67BN in 2020 mark-to-market losses; down -$83MM on today's +0.42% move @elonmusk pic.twitter.com/9B5P4l1C2b, — Ihor Dusaniwsky (@ihors3) August 19, 2020. Earlier this month, Tesla announced a 5 for 1 stock split that sent the stock ⦠The stock was trading around $480 a share Tuesday morning. Netflix Inc. (NASDAQ: NFLX) is the 21st largest company in the United States, with a market cap of around $220 billion. A reverse stock split divides the existing total quantity of shares by a number such as five or ten, which would then be called a 1-for-5 or 1-for-10 reverse split, respectively. Tesla has never done a stock split before, so history can't guide us. You can send tips on Twitter (DMs open) or via email: fred@9to5mac.com. An investor who bought 100 shares of Microsoft stock at the IPO opening price of $25 per share would now own 28,800 shares worth about $5.9 million. Trailing-12-month vehicle deliveries at the time of Tesla's stock split announcement were about 388,000. Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast. Trading at the IPO opened at $100 a share, and a $10,000 investment would now be worth well over $250,000. The new shares will be distributed after markets close on August 28 and trading in split-adjusted shares begins on August 31. Tesla is a transportation and energy company. A larger number of shares, combined with demand for the stock from index funds, could drive the stock price even higher. On July 30, Apple Inc. (NASDAQ: AAPL) announced a four-for-one split, with split-adjusted shares also set to begin trading on August 31. A reverse split is often a signal of a company in serious financial trouble. ET by Tomi Kilgore Tesla Inc. stock ⦠It sells vehicles under its 'Tesla Motors' division and stationary battery pack for home, commercial and utility-scale projects under its 'Tesla Energy' division. Since its 2002 IPO at $15 a share, Netflix stock has split twice, most recently at seven-for-one in July 2015. Alphabet shares traded at around $1,500 Tuesday morning. Even though Tesla's stock closed 12.5% higher at $498.32 a share Monday , ⦠5, 2021 at 6:21 a.m. Tesla's () stock price surged an astounding 743% in 2020, a growth rate that would have put many dot-com stocks to shame during the tech bubble in the late 1990s. FTC: We use income earning auto affiliate links. Facebook Inc. (NASDAQ: FB) is the countryâs fifth-largest company, with a market cap of around $765 billion. After markets closed Tuesday, Tesla Inc. (NASDAQ: TSLA) announced a five-for-one split of the companyâs common stock. New York (CNN Business)Tesla shares are much, much cheaper Monday after the stock's 5-1 split. The lower price per share also may attract investors who might have been spooked by a share price above $1,000. Shares traded near $209 in the late morning Tuesday. Shares also got a boost at the end of the summer when Tesla announced its first ever stock split. Tesla shares soared to a record high after the electric car maker announced it ⦠Today, that figure is at 500,000. A $10,000 investment in Amazonâs IPO at $18 a share would be worth more than $12 million now. Ihor Dusaniwsky, a short interest expert, reported yesterday that shorts gave up over 2 million shares over the last 30 days: $TSLA short int is $19.87BN; 10.53MM shs shorted;7.10% of float;0.30% fee.Shs shorted down -2.15MM shs,-17%, over last 30 days as price rose +26% & down -637K shs,-6.%, last week. The IPO priced at $38 a share in May of 2012, and an investment of $1,000 would have bought 26 shares, each of which is worth around $260 currently, for a total of $6,760. The following stock split was warmly welcomed by the market, with shares gaining 13 per cent right after the news on the upcoming event was reported. For a long time, Tesla has been one of the most shorted stocks in the world, which means that investors are betting on the price going down by borrowing shares and hoping to buy them back at a lower price. Tesla to unveil updated Cybertruck next quarter, How EVs were a lifeline during the Texas blackout, You’re reading Electrek— experts who break news about, Get interesting investment ideas by Fred Lambert, ChargePoint Home WiFi Enabled Electric Vehicle (EV) Charger, Electric Vehicle Price Guide – best prices for dealers in the US, Tesla (TSLA) surges to $2,000 ahead of stock split and shorts are running, Subscribe to Electrek on YouTube for exclusive videos. Amazon stock has split three times since its 1997 IPO, all prior to 2000. Tesla’s stock split is set to happen on Friday, August 28 – meaning that TSLA shareholders are going to have 5 shares for every share they held on the next Monday but the stock is going to trade at 1/5 of its value. Especially in August based on Ihor’s data and it looks like they might not want any skin in the game during the stock split. Here are the five tech stocks with the largest market caps (not including Apple or Tesla), along with their stock-split history. Tesla’s stock (TSLA) has surging to$2,000 a share ahead of the stock split and the shorts are running away. Shareholders of record on August 21 will receive a dividend of four shares for each share they already own. More. At the time of writing, Tesla’s stock was up 6% today to a new high of $1,993 per share – again on little to no news. Today, that figure is at 500,000.
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