Tesla (TSLA) announced they are doing a three-for-one stock split! What does this mean for you? Well, let's break it down. A stock split means that for every share of TSLA you own, you'll now own three shares. If you have 100 shares before the stock split, then after the split, you'll have 300 shares. The price per share stays the same. With a lower price per share, it makes it easier for smaller investors to buy in. In this case, it's happening on August 24th, 2022
