Why Tesla's Stock Split Could Be a Bigger Deal Than Amazon's
Amazon (NASDAQ: AMZN) is bigger than Tesla (NASDAQ: TSLA) in nearly every way. Market cap, revenue, profits, number of employees -- you name it, and Amazon outsizes Tesla.
But there's at least one way that Tesla just might come out on top versus the e-commerce and cloud hosting giant. Both companies decided to conduct stock splits this year. Here's why Tesla's stock split could be a bigger deal than Amazon's.
Amazon's 20-for-1 stock split took effect on June 6. In retrospect, the timing of this split wasn't very good at all. The Nasdaq Composite Index was firmly in a bear market in June. The S&P 500 had recently flirted with bear market territory. Amazon's shares at the time were down 22%.
Source Fool.com
