The split changes nothing fundamental about the stock. It lowers the cost of an individual share. That may appear attractive to retail investors who may have be scared off by a high price tag, though investors are also able to buy fractions of a share for whatever they’re willing to pay.
“Any value in the stock that’s created by this is false,” CNBC’s Jim Cramer said on “Squawk Box.” “But I think the idea of getting newer, younger people involved into the stock market who aren’t just brainwashed to put money into index funds is terrific.”
https://www.cnbc.com/2020/08/12/tesla-stock-skyrockets-day-after-stock-split-announced.html