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Tesla to split

08/24/2020
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Dear traders!

We are happy to share the announcement of a worldwide-known entrepreneur and business star Elon Musk. Which is: Musk is about to make Tesla stocks closer to the general public.

It will become possible with a stocks split. Instead of releasing new stocks that could affect the price of the older ones, Musk offered dividing every existing stock by five. Thus, the capitalization will remain the same, large investors’ share of the pie will not change as well, no one’s offended. Yet as the price will be five times lower, every single stock will be more available for investors with small capitals which will inevitably pump interest to the stocks and, therefore, the prices.

We have already mentioned it in one of the recent LH-Crypto analytics episodes: don’t miss the next episode and more important news of the financial world!

Yours,

LH-Crypto Team

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