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.
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Tesla shares surge day after stock split announced
“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.”
