Tesla said Tuesday that it was pursuing a five-for-one stock split following a massive rally in its share price this year.
At the end of trading on August 28, Tesla said in a press release, each shareholder will receive four additional shares for every share they own. Those shares will begin trading on August 31. At Tuesday’s prices, that would value shares at about $274. Stock splits do not affect a company’s market value, only the individual share prices.