Is Tesla Stock a Buy Ahead of Its Stock Split?
Tesla (NASDAQ: TSLA) shares got a nice boost on Wednesday following word that the electric-car maker will split its stock later this month. Shareholders will receive five new shares for every one they own. The combined value of those shares will equal what one of the pre-split shares is worth at the time of the split.
Would investors be better served to buy this growth stock now? After all, following the five-for-one stock split, Tesla shares will be more accessible to many investors. The stock is trading at around $1,550 today -- assuming they stay in that vicinity, the electric-car maker's split-adjusted share price will be about $310.
Image source: Tesla.
Source Fool.com
