Tesla (TSLA) set its deadline for tomorrow, August 21st, for investors to own shares and be a part of the August 28th / August 31st, 5:1 stock split. In light of this, being a candidate for S&P 500 inclusion, and the highly anticipated September 22nd - "Battery Day," there's no wonder why as of today at 12:56pm EST shares hit $2,000 for the first time.
Courtesy of Tesla.com
Shares could certainly retrace after each milestone due to profit-taking, geo-political or Covid-19 related events. However, there's currently a lot to bolster the positive market sentiment and Bullish thesis surrounding the stock.
For more on Tesla and Stock Splits vs Fractional Shares, check-out the recent posts below.
RNRealtyTrader.com - Stock Splits
Disclaimer: This post represents my own opinion and is not a substitute for professional investment advice. It does not represent a solicitation to buy or sell any security. Investors should conduct their own due diligence and consult their tax and financial advisors before making any investment.
Disclosure: I currently hold a position in TSLA, with the intention of going Long.
I wrote this post myself, and it expresses my own opinions while sometimes quoting others. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
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