Several prominent companies initiated stock splits this year. While the stated reasons for doing so varied, it's likely that the companies (at least partly) hoped to make their shares more attractive to investors.

A stock split is mostly a cosmetic move that doesn't alter the fundamentals and prospects of the company executing the split. But some believe that such a move encourages interest in the stock because the share price is more affordable to a wider pool of retail investors.

Electric vehicle (EV) maker Tesla (NASDAQ: TSLA) was one of those prominent companies initiating a split this year, opting for a 3-for-1 split that took effect on Aug. 25. What investors following this stock need to know though is that the split isn't the reason this stock is worth buying. Tesla is capable of doubling investors' money in the long run regardless of any split, as it is on track to win big from fast-growing markets.

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Source Fool.com