In August 2020, Tesla split its shares 5-for-1 to make it more affordable to small investors. Right before the stock split, each share was trading at around $2,200. After the split, the price per share at the market open was about $440. Existing shareholders were given five shares for each share owned, so an investor who owned 5,000 shares of Tesla pre-split would have 25,000 shares post-split.
On Nov. 16, the S&P Dow Jones Indices announced that Tesla stock will be added to the S&P 500 Index on Dec. 21. Based on the closing prices on Nov. 16, the electric vehicle maker would be one of the top 10 most valuable companies in the index. Tesla stock is up about 13 percent at $460 in the pre-market trading session on Tuesday, Nov. 17.
View more information: https://marketrealist.com/p/is-stock-split-good-or-bad/