Tesla Stock BOOMS After Split And Ahead Of Battery Day

Tesla’s stock is surging 18% over the last few days as investors are getting in just before Battery Day and the important announcements that it will bring.

On Wednesday, Tesla announced a 5 for 1 stock split that sent the stock price surging.

Despite stock splits not actually changing the value of a company, they have been known to increase stock prices temporarily as people anticipate higher volume from small investors.

Read Article

SanJoseDriver - 8/14/2020 6:52:39 PM

+1 Boost

They still haven't been added to the S&P 500, that will put even more upward pressure on the stock. The rest of the industry is starting to wake up and take Tesla seriously.

USNA1999 - 8/14/2020 8:17:30 PM

+3 Boost

Apple stock performed better after their "stock split" announcement. Tesla stock is looking tired as it already had most of the S&P 500 run up priced in; it will go up a little when some funds will be forced to purchase shares but most funds already have already done so. I think we are heading lower after the split.

mre30 - 8/16/2020 10:48:27 AM

+2 Boost

This split is being done to juice the small retail "Robin Hood" investors which drive the momentum.

Stock will definitely go down after the split.

There is probably also a sizable subset of unsophisticated retail investor 'dim-bulbs' who own Tesla and don't understand how the stock split works and they will wake up, see that TSLA is $300 a share, think it crashed, and then puke it out. The idiocy of many Americans continues to shock me. Curious to see what happens.

USNA1999 - 8/16/2020 2:23:12 PM

+3 Boost

LOL mre30 but you are completely correct.

SanJoseDriver - 8/19/2020 12:10:01 AM

+1 Boost

And 3 days later the stock hits a new all time high ;)